Microsoft Issues Statement Regarding Yahoo!

Jun 12, 2008, 01:00 ET from Microsoft Corp.

    REDMOND, Wash., June 12 /PRNewswire-FirstCall/ -- Microsoft Corp. today
 issued the following statement:
     "In the weeks since Microsoft withdrew its offer to acquire Yahoo!, the
 two companies have continued to discuss an alternative transaction that
 Microsoft believes would have delivered in excess of $33 per share to the
 Yahoo! shareholders. This partnership would ensure healthy competition in
 the marketplace, providing greater choice and innovation for advertisers,
 publishers and consumers.
     "As stated on May 3rd and reiterated on May 18th Microsoft was not
 interested in rebidding for all of Yahoo!. Our alternative transaction
 remains available for discussion."
     About Microsoft
     Founded in 1975, Microsoft (Nasdaq:   MSFT) is the worldwide leader in
 software, services and solutions that help people and businesses realize
 their full potential.
     Statements in this release that are "forward-looking statements" are
 based on current expectations and assumptions that are subject to risks and
 uncertainties. Actual results could differ materially because of a number
 of factors, including those set forth in Microsoft's annual report on Form
 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by
 contacting Microsoft Corporation's Investor Relations department at (800)
 285-7772 or at Microsoft Corporation's website at
     All information in this release is as of May 18, 2008. Microsoft
 Corporation undertakes no duty to update any forward-looking statement to
 conform the statement to actual results or changes in the company's

SOURCE Microsoft Corp.