Ballmer Quashes Yahoo Bid Rumors; Open to Partnership

Steve Ballmer quashed the rumor that Microsoft would make another offer to buy Yahoo now that Jerry Yang has quit as CEO, CNET reports. “We are done with all acquisition discussions with Yahoo,” the chief executive said today. “We did our best; we’ve moved on.”

While outright acquisition is off the table, Ballmer said Microsoft remains interested in a search partnership with Yahoo. “There’s no active discussion on that front, but we’d be very open to it,” he said. (More Yahoo stories.)