Ballmer throws cold water on notion of fresh Yahoo bid

Microsoft chief executive Ballmer has rejected the notion of its return with a fresh offer for all of Yahoo takeover.

Ballmer stated that Microsoft was done with acquisition discussions and sarcastically remarked that in spite of making his stand very clear on several occasions, some people were trying to remain confused. He said that Microsoft had done its best and has moved on.

Ballmer was addressing the annual meeting of company’s shareholders in Washington, near to its Redmond headquarters. His address was relayed live via Webcast. Ballmer did not refer to Yahoo in his prepared address, but spoke only while replying to the first question from a shareholder.

There was speculation in the industry after Yahoo announced that it was looking for a replacement of chief executive Jerry Yang, who has decided to step down as soon as a new chief was hired.

Yahoo’s shares jumped 16% following news about Yang’s resignation but plummeted 15% to $9.97 (£6.60) a day after, in response to Ballmer’s remarks.

While rejecting the notion about Yahoo bid, Ballmer reiterated that Microsoft’s search partnership was still an interesting possibility, but no active discussion was currently on, although Microsoft was very open to it.

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