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2008.05.05

Microsoft walks away from Yahoo deal

Microsoft Chief Executive Steve Ballmer vowed last week not to pay "a penny" more than he thought Yahoo was worth, and he kept his word Saturday. After intense weekend negotiations stalemated on price, with Microsoft raising its bid by $5 billion and Yahoo demanding twice that, he walked away from what would have been one of the biggest technology deals ever.

http://www.siliconvalley.com/news/ci_9148992?nclick_check=1

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