Tuesday, June 24th 2008
Microsoft Merger Rumor Prompts Yahoo Trading
Rumors are circulating once again that Microsoft is holding acquisition talks with Yahoo. This time Microsoft's offer is supposedly lower than its previous offer of 33 USD per share, which yahoo turned down when it requested 37 USD per share. The rumored talks have given a slight boost to Yahoo's stock, which started at 21.18 USD today, but rose to 23.71 USD. The stock also exhibited a higher than normal trading volume of 68.1 million share, compared to a daily average of 39.3 million. Representative of both Yahoo and Microsoft declined to comment on the rumored talks.
Source:
PC World
5 Comments on Microsoft Merger Rumor Prompts Yahoo Trading
I say fair play, Yahoo is not exactly big in the first place and to be totally honest I have no problem with Microsoft, a greater input into the internet business in my eyes is a plus.
There was a good documentary with Bill Gates with Fiona Bruce on the BBC. Theres some of this sort of stuff included. I'm sure thats where I heard the 15%. If I watch it again I'll confirm.