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Microsoft Withdraws Its Bid for Yahoo
[Quote:]
Microsoft said Saturday that it was abandoning its blockbuster bid to acquire Yahoo after it raised its offer by $5 billion but Yahoo rejected it as still too low.
In the mean time, Yahoo has been in turmoil for a few months and lost a lot of good people who really, really didn’t fancy working for Microsoft.
Mission accomplished.
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Reading the different blog posts and such about this offer since the start, it gave a good number of people who left were fed up with the Yahoo! management and the way this whole business was handled did not inspire certainty and belief in the future.
And a lot of better managed start ups and companies got a fresh injection of talent. I don’t think it was the goal of Microsoft. To free up talent from the a slowly dying company, and send them to places where they actually can do some harm to Microsoft business.
But if it was their goal, then thank you MS