Yahoo's chairman and chief executive tell shareholders that Microsoft’s alternative deal would have chained the Web portal to the software giant, limiting its future options.

An article out of Europe suggests the top-level exec said that Microsoft would bid for a Yahoo under new management, but the software giant says such words were never uttered.

An article out of Europe suggests the top-level exec said that Microsoft would bid for a Yahoo under new management, but the software giant says such words were never uttered.

Yahoo Inc Chief Executive Jerry Yang said on Wednesday a potential deal with Microsoft has tremendous power, but the software giant appears no longer interested in a full merger.

Yahoo CEO Jerry Yang said on Wednesday a potential deal with Microsoft has tremendous power, but the software giant appears no longer interested in a full merger.

Yahoo CEO Jerry Yang said on Wednesday a potential deal with Microsoft has tremendous power, but the software giant appears no longer interested in a full merger.

Yahoo Inc Chief Executive Jerry Yang said on Wednesday a potential deal with Microsoft has tremendous power, but the software giant appears no longer interested in a full merger.

What Yahoo has, Microsoft wanted. But talks broke down, and the software giant says a proxy battle isn't worth it. Tune in here for the latest.

Since it withdrew its bid, the software giant has said it would not launch a proxy fight. Google presses on with an ad-search deal. Microsoft Corp. continued to distance itself from Yahoo Corp. on Thursday, telling the people it had lined up to nominate to the board as part of a prospective hostile takeover battle that their services were no longer needed, according to a person familiar with ...