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A chronology of events leading to Microsoft Corp.'s decision to abandon its offer for Web search and advertising competitor Yahoo Inc.:
Feb. 1, 2008: After two years of talks and speculation, Microsoft makes unsolicited offer to buy Yahoo for $31 per share, or $44.6 billion.
Feb. 3: Google Inc.'s top lawyer says the buyout could hurt Web innovation.
Feb. 4: Yahoo CEO Jerry Yang tells employees that selling to Microsoft is an option.
Feb. 11: Yahoo rejects Microsoft's offer, saying it "substantially undervalues" the company's brand and worldwide assets.
Feb. 19: Microsoft Chairman Bill Gates tells The Associated Press the software maker isn't in talks with Yahoo about raising its offer. Yahoo releases details of severance plans that would take effect after a buyout, which could make the deal more expensive for Microsoft.
March 5: Yahoo extends a deadline for nominating candidates to its board, buying time to strike an alternative deal. Yahoo is said to be in talks with Google Inc., News Corp.'s MySpace.com and Time Warner Inc.'s AOL.
March 10: Senior executives meet near Yahoo's Sunnyvale, Calif., headquarters.
March 18: Yahoo releases optimistic revenue forecast for next two years to justify rejecting bid.
April 5: Microsoft CEO Steve Ballmer gives Yahoo three weeks to agree on a buyout or expect the software maker to go hostile and potentially lower the offer price.
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