Microsoft 'going independent way' after scrapping Yahoo bid

Microsoft chairman Bill Gates said today that the company was not pursuing other deals following its withdrawal of its $47.5bn (€30.6bn) takeover bid for Yahoo.

Speaking in Tokyo, Japan, he said the firm had put “a lot of effort” into the talks with Yahoo and had decided they should pursue “our independent paths”.

Over the weekend, Microsoft withdrew its three-month-old unsolicited bid for Yahoo following an impasse with Yahoo’s board over a mutually acceptable sales price.

“Now, at this point, Microsoft is focused on its independent strategy,” Mr Gates told reporters.