Microsoft's efforts to reach some sort of arrangement with Yahoo have broken down again, Yahoo confirmed on Thursday.
With the Google-DoubleClick merger wrapped up, Yahoo may face even greater pressure to find itself a buyout partner, according to Wall Street analysts and investors.
While speaking in Moscow, Microsoft CEO and Yahoo suitor Steve Ballmer said, "Yahoo was never the strategy we were pursuing, it was a way to accelerate our online advertising business... We will spend money on some acquisitions. You can do a whole lot of things with $50 billion."
European antitrust regulators on Tuesday approved Google's US$3.1 billion merger with DoubleClick, which Google's CEO said will mean job cuts.
Microsoft on Saturday issued an ultimatum to Yahoo, giving the Internet search pioneer three weeks to enter formal merger negotiations and conclude a deal.
As Microsoft's deadline for Yahoo to accept its takeover bid passes, the tech world is still waiting for information from either company on their wedding plans.
Friday's New York Post writes that an independent group of Yahoo board members believes Yahoo CEO Jerry Yang may be letting emotions trump his better judgment; and that's why he's opposed to accepting Microsoft's buyout offer.
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