Bill Gates said Microsoft won't pursue other partnerships to replace its failed takeover of Yahoo and will focus on its independent strategy:
Gates, who cofounded the software maker and serves as its chairman, said Microsoft had "put a lot of effort into talking to Yahoo."
Referencing comments made by Microsoft CEO Steve Ballmer, Gates said that "now at this point, Microsoft is focused on its independent strategy."
Microsoft spent three months courting Yahoo but dropped its pursuit on Saturday after the two sides failed to reach agreement on a takeover price. Microsoft had initially offered $31 per share and raised it to $33 per share to try and entice Yahoo but the search engine operator held out for $37 per share.