The stock market is making its after-the-fact adjustment to the end of the Microsoft-Yahoo saga, which culminated this weekend. After last minute negotiations failed, Microsoft walked away from its bid to acquire Yahoo for slightly more than its original offer of $33 per share. To recap: Yahoo CEO Jerry Yang was adamant that the company was worth at least $35 to $37 per share. Microsoft indicated it might go a little higher than its original offer -- but not much. Microsoft CEO Steve Ballmer was also just as adamant that Yahoo was not worth the premium.
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Microsoft Ditches Yahoo, Google Picks Up Marbles
The stock market is making its after-the-fact adjustment to the end of the Microsoft-Yahoo saga, which culminated this weekend. After last minute negotiations failed, Microsoft walked away from its bid to acquire Yahoo for slightly more than its original offer of $33 per share. To recap: Yahoo CEO Jerry Yang was adamant that the company was worth at least $35 to $37 per share. Microsoft indicated it might go a little higher than its original offer -- but not much. Microsoft CEO Steve Ballmer was also just as adamant that Yahoo was not worth the premium.
Read »
Created by chalo12 Created 28 weeks 4 days ago – Made popular 28 weeks 4 days ago
Category: Technology
Category: Technology
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