Breaking News: Microsoft walking away from attempt to purchase Yahoo!

MSNBC and others are reporting that Microsoft has walked away from its attempt to purchase Yahoo!, according to a spokesperson from Microsoft.

No official statement has yet been released – but a written statement from Microsoft CEO Steve Ballmer is expected shortly.

Update: Microsoft appears to have backed away after Yahoo CEO Jerry Yang requested $53/share to a buyout of Yahoo. You can read Ballmer’s letter to all Microsoft employees over at TechCrunch.

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Matt Craven

Matt Craven is the former editor & publisher of The Blog Herald. Currently, Matt is the co-founder of Bryghtpath LLC, a consulting practice located in Woodbury, Minnesota. Matt's presently looking for new blogging gigs. Ping him at matt (at) bryghtpath dot com. You can follow him on Twitter.

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