Yahoo Resists Takeover By Microsoft

Microsoft Corp. finally ended it's pursuit of Yahoo Inc. after deciding that Yahoo's price was just too high. Ever since Yahoo reported low earnings in January with even lower expectations for the year to come, Microsoft has been looking to acquire the Internet Company. While Yahoo was not completely opposed to a sale, they were looking for at least $37 per share, much higher than Microsoft's offer of $31. Talk surfaced of a possible hostile takeover by Microsoft as Yahoo continued to resist offers for a sale. However, it seems that Microsoft came to the conclusion that Yahoo just wasn't worth it.

Clearly, this is good news for Google. While they probably still would have continued to dominate the internet advising market, it would have been harder to maintain that stranglehold if two of their biggest competitors joined forces. Hopefully, Yahoo will be able to pull out of this incident and make a strong push in the future because competition is always a good thing for consumers. Also I can't help but smile whenever someone says no to Microsoft.