November 20, 2008 5:49 AM -
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Ballmer says “No” to a post-Yang Yahoo buyout —

Ending speculation that another Microsoft-Yahoo deal may be on the table after the exit of Jerry Yang, Steve Ballmer said at a Wednesday shareholder meeting “Let me be clear. We are done with all acquisition discussions with Yahoo.” His announcement sent Yahoo’s shares into a 20% nosedive, closing at $9.13 at days end. Ballmer did tell shareholders that Microsoft may still be open to a search deal with Yahoo but those slightly encouraging words did not soften the blow of his comments dismissing a possible acquisition. Is this really the death knell for a Microsoft-Yahoo merger? Maybe, maybe not....
[Tags: acquisition discussions, ceo, death knell, decline, encouraging words]