Microsoft Chairman Bill Gates said Wednesday the company isn't pursuing any other major deals immediately following the withdrawal of its $47.5 billion takeover bid for Yahoo.
He said in Tokyo that the company put "a lot of effort" in the talks with Yahoo and has decided the two should pursue "independent paths."
Over the weekend, Microsoft withdrew its three-month-old unsolicited bid for Yahoo Inc. 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," Gates told reporters at a news conference in Tokyo.
Those …
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