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Microsoft Rejects Yahoo's Price Demands, Abandons Bid

After weeks of negotiations and posturing, Microsoft is giving up its efforts to buy Yahoo, saying that the price the Internet firm is demanding is too high and that any hostile takeover battle would cause enough damage to make the union unappealing.
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Peter Whoriskey

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Yahoo! Inc.
Microsoft Corporation
Steve Ballmer
Software Development and Publishing
Technology
Science and Technology
Software and Services
Information Technology Sector
Technology Sector
Software
Computer Technology
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