Microsoft withdraws offer for Yahoo

 
After a three-month tug-of-war, the software giant Microsoft has withdrawn its billion-euro takeover bid for the Internet company Yahoo. Both sides were unable to agree on a purchase price. According to SDA, Microsoft announced that Yahoo had not budged despite a recent further increase in its offer. With the purchase for the originally offered 45 billion dollars, the world's largest software provider wanted to break the dominance of its rival Google in online search and Internet advertising. However, Yahoo! demanded far more than 50 billion dollars. In its rejection, Microsoft also definitively ruled out a hostile takeover of Yahoo against the resistance of the management, which had been threatened several times.