Microsoft CEO Steve Ballmer said Thursday in the US that its on-again, off-again talks with Yahoo were firmly in the "off-again" phase.
Yahoo announced on Saturday night that it rejected a joint-buyout proposal that Microsoft and investor activist Carl Icahn offered the night before, which called for a "complex restructuring" and sale of Yahoo's search business to Microsoft.
After talks broke down on Saturday, Microsoft CEO Steve Ballmer sent this letter to Yahoo chief Jerry Yang, signalling the end of the epic takeover attempt.
Microsoft officially withdrew its offer to acquire Yahoo on Saturday but only after it threw an additional US$5 billion on the table.
If Microsoft acquires Yahoo, the deal may leave the pair's joint venture partnerships with PBL Network and the Seven Network on shaky ground.
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