Yahoo announces termination of all negotiations with Microsoft

NetEase Technology News on September June 12, Yahoo's efforts to resume the acquisition negotiations with Microsoft have entered a dead end, it may outsource some of the search and advertising services to Google.

Yahoo's share price fell by 10% on Thursday as investors are desperate to re-acquire Yahoo. Although the share price slump is not good news for any company, Yahoo's share price slump is especially bad for the company and its board of directors.

Yahoo is "cracking down shareholder forced Palace led by radical investor Carl Icahn ". Ykanan has been trying to sell Yahoo to Microsoft, so some shareholders will not follow ykanan unless they can come up with a better revival plan than the current board.

Icane did not comment on the message on Thursday. Yahoo's August 1 shareholders' meeting will determine the fate of the current board of directors.

According to a statement issued by the two companies, Yahoo tried its best to persuade Microsoft to resubmit its $33 per share scheme, but Microsoft was no longer interested in it. Microsoft's chief executive, Steve Ballmer, withdrew the deal in May 3 due to lack of price negotiation. Soon afterwards, Microsoft expressed its willingness to buy Yahoo search. However, Yahoo believes that the search service is too important to it and cannot be sold separately.

Yahoo said that Microsoft rejected the overall Yahoo acquisition proposal "clearly" at the conference held on Sunday. Microsoft said that the acquisition of the search business can bring more value to Yahoo compared with the overall acquisition of Yahoo at a price of $33 per share. However, Microsoft did not explain how to draw this conclusion.

Yahoo must now find a cure to curb the share price slump. Yahoo's share price fell by 2.63 US dollars on Thursday, a drop of 10.1%, to close at 23.52 US dollars.

After Microsoft exited, Yahoo had to turn to Google. Yahoo is expected to soon announce the outsourcing of some search advertisement businesses to Google. In a two-week trial in July, Google has proved that its technology can bring more revenue to Yahoo.

Late this Thursday, Yahoo and Google did not comment on a possible deal