Yahoo said on Thursday all talks with Microsoft on a takeover or partial acquisition "have concluded," and that the internet firm would move ahead with its own strategy.

"The conclusion of discussions follows numerous meetings and conversations with Microsoft regarding a number of transaction alternatives," Yahoo said in a statement weeks after the software giant withdrew its bid.

The statement said that during a meeting on Sunday that included Yahoo chairperson Roy Bostock and other board members, "Microsoft representatives stated unequivocally that Microsoft is not interested in pursuing an acquisition of all of Yahoo, even at the price range it had previously suggested."

Yahoo stated that it rejected an acquisition of its search business alone that Microsoft had proposed, because it "would not be consistent with the company's view of the converging search and display marketplaces, would leave the company without an independent search business that it views as critical to its strategic future".

Microsoft confirmed it is not interested in rebidding for Yahoo but said it remains open to discussing an alliance or partnership that falls short of acquiring the pioneering internet firm.

"In the weeks since Microsoft withdrew its offer to acquire Yahoo, the two companies have continued to discuss an alternative transaction," Microsoft said in a statement.

"This partnership would ensure healthy competition in the marketplace, providing greater choice and innovation for advertisers, publishers and consumers."

AFP