No deal! Microsoft walks away from Yahoo! bid
Published: 04 May, 2008, 11:18
Microsoft has abandoned its bid to take over internet company Yahoo! after months of negotiations.
Microsoft was offering $US 47.5 billion for the company, valuing each share at $US 33. Yahoo! reportedly wanted $US 37, which the software giant was unwilling to pay.
The acquisition was intended to become the cornerstone of Microsoft's attempts to chip away at Google's share of the booming Internet advertising market.
02.05.2008, 13:53
Book now! Space tourism the next big thingA private Russian company has commissioned the Myasishchev Aerospace Bureau to design a tourist spacecraft. The bureau says it's working on a feasibility study for the spacecraft and the project is fully funded by the undisclosed firm. |
05.05.2008, 09:06
Russia’s longest bridge opens up new energy resourcesThe longest railway bridge in Russia is due to be finished by 2009. The link across the Yuribey River on the Yamal Peninsula in the north-west of Siberia is probably the most challenging construction project under way in the country. |
