Microsoft says no to Yahoo

After getting out of a deal with its rival Google for sharing ad space, Yahoo's CEO Jerry Yang wanted to go back to the bargaining table with Microsoft and renegotiate a deal that was turned down by Yahoo a few months back.

This time, the tables have turned and Microsoft's CEO Steve Ballmer has stated that it would not be interested in going back to the table causing Yahoo's share price to drop over 15% in today's trading. Microsoft has stated that it is not going to look back to the past and will continue forward with its own strategy.

News source: BusinessWeek

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