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Microsoft chief dismisses Yahoo buyout but open on search

By Associated Press
Wednesday, November 19, 2008 - Added 47d 11h ago

BELLEVUE, Wash. - Microsoft Corp. is no longer interested in buying all of Yahoo Inc., CEO Steve Ballmer said Wednesday, though he told shareholders that the company would still be "very open" to a collaboration on Internet search. His comments sent Yahoo shares diving by 19 percent.

"Let me be clear," Ballmer said at Microsoft’s annual shareholder meeting. "We are done with all acquisition discussions with Yahoo."

 
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