Microsoft Chairman Bill Gates has said the company isn’t pursuing other deals following the withdrawal of its $47.5 billion takeover bid for Yahoo. He said that the company put “a lot of effort” in the talks with Yahoo and has decided the two should pursue “independent paths.”

Microsoft withdrew its three-month-old unsolicited bid for Yahoo, after seeing the impasse with Yahoo’s board over a mutually acceptable sales price. “Now at this point Microsoft is focused on its independent strategy,” Gates told reporters.

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