Microsoft has formally announced its withdrawal from the proposed Yahoo merger. This, after Microsoft upped its original bid of $31/share to $33; but Yahoo apparently wanted $37.

The reason why Microsoft backed out is not because that they can’t afford the asking price of $37/share, but Yahoo’s partnership with Google made things more complicated.

Some experts and IT analysts viewed that Yahoo is on a self-destruct mode, which also furthers the reason why Microsoft backed off.

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