Microsoft withdraws Yahoo offer? but the door remains open

Yahoo?s share price tumbles following collapse, but deal could yet get the go-ahead
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The share price of major internet search Yahoo has taken a major tumble after Microsoft announced that it had withdrawn its £22.3 billion acquisition offer for the firm.

However, hot on the heel of the news that Yahoo’s share price drop by 15 per cent following the collapse, the firm told The Financial Times that the deal is far from dead.

"We did not say it was a take-it-or-leave-it number in the sense that we would never negotiate any more,” chief executive Jerry Yang stated.

“We were totally willing to do a transaction, and they walked away. We’re always open to all alternatives. We’ve put out a way of having them buy Yahoo, give them a path to do that. If that’s what they want to do, we would be open to a conversation.”

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