Microsoft Withdraws Its Offer

And after several sites on Saturday reported that Microsoft and Yahoo were rumored to have entered serious negotiations on Friday and Microsoft possibly raising its bid for the company, the news comes across the hotwire the Microsoft has withdrawn its bid for Yahoo!. Its main reason being that a friendly way of combining the companies seemed less than likely.I was so happy when I got the email stating this. My first reaction was thinking maybe Yahoo! would enter more serious business deals with Google or Time Warner. Maybe they’ll stay independent like they want to. Their stock sure did take a nice leap this weekend, while Microsoft’s took a nice decline.”‘Clearly a deal is not meant to be,’ Ballmer wrote in his letter to Yahoo Chief Executive Jerry Yang.” -usatoday.comYeah, I guess it just wasn’t meant to be. But I wonder what’s next for Yahoo! now that they’re clear of an idle threat by Steve Balmer to get into a proxy war if they didn’t comply with Microsoft by a certain date.But I’m wondering why Balmer did this in the first place? Why issue an offer just to walk away because you won’t raise your offer to their desired price? You just walked away from an almost $50 billion dollar deal probably because you just didn’t want to divvy up the doe. What was the real agenda here? What did you really hope to accomplish by bidding on Yahoo!? Then again, what did you hope to accomplish by bidding on Yahoo! and then just walking away?I don’t really know what to think about that. Obviously someone must’ve had some sort of plan in mind. Was it all just hype to get attention? Was it some sort of smokescreen to take people’s eye off the big picture?I just don’t understand how you can make a bid of that magnitude, threaten a hostile takeover, and then just walk away. Is this some new strategy?hmmmm