Jon's News Wrapup - May 8, 2008 Edition 

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Here's another monthly installment in my news wrapup series. I've fallen into publishing them at the end of the first week of the month, because so much stuff seems to happen in the first week of each month that it'd be a shame to sit on it for three weeks.
  
Please comment if these are wrapup posts are valuable to you. I'm harvesting them from my ma.gnolia feed, so if few people are reading them, I'll just point you over to that feed and dispense with all the html formatting, organization, and comment. Let me know if I missed any big news this month, too.
  
Microsoft + Yahoo? Nope.
  
After a few months of negotiating with a Yahoo! who clearly didn't want to merge, Microsoft withdrew their offer. Yahoo! took some pretty extreme measures to prevent a hostile takeover, indicating that they'd essentially rather give their business to Google than merge with Microsoft. There's some speculation that Microsoft's just doing this to drive Yahoo's stock price down so they can buy them cheaper, but my guess is that they're done here.
  
Hey, straw poll: Do you actually use Yahoo! search? I don't know anyone that does.
  
       
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    Microsoft Withdraws Proposal to Acquire Yahoo! 
         Microsoft Withdraws Proposal to Acquire Yahoo!       
    “We continue to believe that our proposed acquisition made sense for Microsoft, Yahoo! and the market as a whole. Our goal in pursuing a combination with Yahoo! was to provide greater choice and innovation in the marketplace and create real value for our respective stockholders and employees,” said Steve Ballmer, chief executive officer of Microsoft. “Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo! has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo! do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal,” said Ballmer.