Is the Yahoo deal done yet? The stock market thinks so, slicing Yahoo’s financial value by 15% in the last two trading sessions. If the deal were still alive, then the stock would be moving the other way around. Yahoo’s chief Jerry Yang says the $37-per-share demand wasn’t etched in stone but he’s sporting a good dose of Wall Stree’s most lethal cologne – desperation - for anyone to take him too seriously today. Still, I think he wants Steve Ballmer to come back to the table and do the deal. But Ballmer and Microsoft seem to want to move …

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Okay, let the finger-pointing begin. Should Microsoft CEO Steve Ballmer take the heat for the proposed Microsoft-Yahoo merger falling apart? After all, didn't he say that Microsoft wouldn't raise its $45.7 billion bid for Yahoo, then weeks later, say he'd raise the bid, from $31 per share to $33 per share? And shouldn't Ballmer have thought this deal through? Why Yahoo? After all, the search engine battle is over and Google is king. Why the need for Yahoo in the first place? Or what about Yahoo chief Jerry Yang - the guy who dug his heels in at $37 per …

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Despite insisting that its proposed acquisition of Yahoo! "made sense for Microsoft, Yahoo! and the market as a whole" Steve Ballmer, Microsoft CEO, has admitted defeat and withdrawn its proposal to purchase the Yahoo! business. "Yahoo! has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo! do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal,” said Ballmer. Here is the text of the letter that Ballmer sent to Yahoo! CEO Jerry Yang on the subject: [QUOTE]May 3, 2008 …

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The End.