Wired PR News.com – Yahoo’s options have become even more limited after Microsoft expressed on Friday that they no longer had interest in taking over the Internet giant, as reported by the Associated Press (AP). The news comes shortly after Google announced that they were no longer going forward with an advertising partnership with Yahoo due to potential legal ramifications from the United States Justice Department.
Yahoo declined Microsoft’s offer earlier in the year for a $47.5 billion takeover. Since then, the Internet company has seen several declines in shares of stock, with the most recent drop occurring on Friday. Shares for the struggling Yahoo decreased by 13 percent on the day of the Microsoft announcement.
As the AP article states, Steve Ballmer of Microsoft spoke of the company’s plans in Australia on Friday, commenting that “I’m sure there are still some opportunities for some kind of partnership around search, but I think [an] acquisition is a thing of the past.”
At Friday’s market close, Yahoo stock was priced at $12.20 per share.