Monday, May 5, 2008

MICROFT DROPS THE PLAN TO BUY YAHOO

The much awaited plan to buy Yahoo has been dropped by Microsoft.
Microsoft was planned to buy the world's top rated search engine Yahoo for about $47.5 billion.But Yahoo was increased the mark to $5.7bilion.To discuss the bid amount a meeting held up between Microsoft's CEO,Steve Ballmer and Yahoo's Yong.But the discussion went fail for Microsoft.So that Microsoft dropped the plan to buy the massive Search engine.
Microsoft was keen to buy the Yahoo ,Which very much competitive to GOOGLE for about $4.46 billion on the initial .After that Microsoft came with an offer to provide amount as much as it can.But it can not able to reach the mark which yahoo was looking for.So that it drops the plan of buying Yahoo.

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