Bill Gates to dealmakers: cool your heels.
With its multibillion-dollar Yahoo merger bid an Associated Press report., the Microsoft chairman said in a Tokyo press conference on Wednesday that the software giant has no immediate plans to jump on another deal, according to
"At this point, Microsoft is focused on its independent strategy," Gates said during the press conference.
The Microsoft founder recounted how the Redmond giant had spent a lot of energy on trying to wrap up a deal with Yahoo, but it ultimately decided that it was better to leave it behind.
Gates reiterated: pursue an independent path to grow the company's search advertising and online-services business.
That, as outlined by CNET News.com's Ina Fried, could include such things as beefing up its engineering ranks and looking at other business partnerships.
Some of those partnerships could include Facebook, in which Microsoft is already a minority investor, and MySpace.com.
Gates is the latest Microsoft executive to chime in on the software giant's future plans. Microsoft's Windows Live General Manager Brian Hall, where he addressed investors.
The more Microsoft distances itself from the Yahoo negotiating table, the more the Internet search pioneer's stock will likely feel the effects.
Shares of Yahoo were down 1.87 percent, to $25.25, in early-morning trading Wednesday.