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Yahoo deal all over for Microsoft

Reuters
Posted online: Thursday , May 08, 2008 at 1334 hrs IST

Jakarta, May 8: Microsoft has no plans to re-submit its $47.5 billion bid for Yahoo Inc, which was pulled earlier this month, Microsoft's Chief Research and Strategy Officer Craig Mundie said on Thursday.

"Our view is that we made our best offer," Mundie said in an interview in the Indonesian capital.

"So the market may wish that the Yahoo deal may come back together, but Microsoft at least at this point assumes it's over," he added.

"Yahoo could always come back again and say please buy us for $33 (a share) and I'm sure we might reconsider it but we're not assuming that's going to happen," he said.

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