0.80%SPY 122.85 0.95%XLF 20.69 1.38%
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TOKYO - Microsoft Chairman Bill Gates says the company isn't pursuing other deals following the withdrawal of its $47.5 billion takeover bid for Yahoo.
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| YHOO | 18 |  0.25 |
He said Wednesday in Tokyo that the company put "a lot of effort" in the talks with Yahoo Inc., and has decided they should pursue "our independent paths."
Over the weekend, Microsoft withdrew its 3-month-old unsolicited bid for Yahoo after seeing the impasse with Yahoo's board over a mutually acceptable sales price.
"Now at this point Microsoft is focused on its independent strategy," he told reporters.
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