Yahoo CEO: Microsoft “No Longer Interested” in Merger

Yahoo CEO Jerry Yang said on Wednesday a potential deal with Microsoft has tremendous power, but the software giant appears no longer interested in a full merger, Reuters reports.

To summarize for Microhoo newbies, Microsoft had walked away from a proposal to acquire Yahoo for $47.5 billion, or $33 per share, after Yahoo rebuffed its offer, saying it would only settle for $37 a share, as the report said. “We did not walk away from that proposal. Microsoft did,” Yang said during an on-stage interview at the D: All Things Digital conference in San Diego. He said he had “felt a combination with Microsoft would have had a tremendous amount of power.”

For his part, Ballmer repeated on Tuesday that Microsoft had “moved on” but stopped short of saying the mating dance between Microsoft and Yahoo was over, according to the report. “We are not rebidding for the company,” he said. “[But] we reserve the right to do so.”

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