Bill Gates says Microsoft going 'independent' way

TOKYO -- Microsoft Chairman Bill Gates said Wednesday the company isn't pursuing other deals following the withdrawal of its $47.5 billion takeover bid for Yahoo. He said in Tokyo that the company put "a lot of effort" in the talks with Yahoo and has decided the two should pursue "independent paths." Over the weekend, Microsoft withdrew its 3-month-old unsolicited bid for Yahoo Inc. after seeing the impasse with Yahoo's board over a mutually acceptable sales price. "Now at this point Microsoft is focused on its independent strategy," Gates told reporters at a news conference in Tokyo.
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Posted by Editor at May 9, 2008 02:27 AM