Ballmer dismisses Yahoo buyout but open on search

Ballmer at Microsoft's annual shareholder meeting said; “Microsoft Corp. is no longer interested in buying all of Yahoo Inc. but the company would still be "very open" to a collaboration on Internet search”

Yahoo spurned a $47.5 billion takeover offer from Microsoft in May, and later rejected Microsoft's bid to buy only its search engine. Ballmer has said repeatedly of late that the buyout remains off the table, though a search-related deal is possible.

This is the first time he had renewed that stance since the resignation announced this week by Yahoo CEO Jerry Yang……… Continue at source for more Details.

(Source: Yahoo News)