Bill Gates says Microsoft going "independent" way after withdrawing from Yahoo bid, AS

Thu, May 8 06:18 PM

TOKYO (AP) _ Microsoft Chairman Bill Gates says the company isn't pursuing other deals following its withdrawal of its US$47.5 billion (30.7 billion) takeover bid for Yahoo. 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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