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Message: <blockquote data-quote="lkdood" data-source="post: 1980799" data-attributes="member: 92282">Software maker says economics demanded by Internet portal operator 'do not make sense.'Microsoft Corp. said Saturday it has withdrawn its proposal to acquire Internet portal Yahoo Inc.In a statement, Microsoft (<a href="http://money.cnn.com/quote/quote.html?symb=MSFT&source=story_quote_link" target="_blank">MSFT</a>, <a href="http://money.cnn.com/magazines/fortune/fortune500/2008/snapshots/3063.html?source=story_f500_link" target="_blank">Fortune 500</a>) CEO Steve Ballmer said "After careful consideration, we believe the economics demanded by Yahoo (<a href="http://money.cnn.com/quote/quote.html?symb=YHOO&source=story_quote_link" target="_blank">YHOO</a>, <a href="http://money.cnn.com/magazines/fortune/fortune500/2008/snapshots/10867.html?source=story_f500_link" target="_blank">Fortune 500</a>) do not make sense for us."  <a href="http://money.cnn.com/2008/05/03/technology/microsoft_yahoo/" target="_blank">CNN</a>Microsoft says it's dropping its three-month-old bid to buy Yahoo because the two sides can't agree on an acceptable sale price.Microsoft Chief Executive Steve Ballmer says in a letter sent to Yahoo on Saturday that the software maker was willing to pay $47.5 billion for Yahoo. That's $33 per share.                  Ballmer says Yahoo insisted that Microsoft pay at least $53 billion. That's $37 per share.Microsoft's original offer was $44.6 billion, or $31 per share.   <a href="http://www.latimes.com/news/custom/showcase/la-fi-yahoo4-2008may04,0,7911654.story" target="_blank">latimes</a></blockquote>

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