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Updated from 12:45 Microsoft MSFT is planning to pursue a standalone strategy now that its bid to acquire Yahoo! YHOO has fallen apart, Chairman Bill Gates said at a press conference in Tokyo. Steve Ballmer, the CEO of Microsoft, made similar remarks recently concerning the withdrawn offer, which was worth more than $40 billion. Some analysts believe Microsoft could return with a new acquisition attempt, but the remarks of Gates and Ballmer indicate that such a move isn't imminent. Microsoft originally said it would pay $31 a share for Yahoo!, then sweetened the offer by $2. However, Yahoo! still wanted more, and Microsoft decided to end the takeover effort, which it had proposed in order to better compete with the Internet dominance of Google GOOG. "We put a lot of effort in talking with Yahoo! and the conclusion was reached that we should pursue our independent paths," Gates said at the press conference, according to a Bloomberg report. Shares of Microsoft ended Wednesday down 1.7% at $29.21, and Yahoo! finished down 0% at $25.64. Google closed down 1.3% at $579. Elsewhere among widely held technology stocks, Apple AAPL ended down 2.2%, Intel INTC eased 1.7%, and IBM IBM ended 1.5% higher.
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