- Shares of Yahoo!(YHOO) slumped after reports that talks with Microsoft(MSFT - ) have not brought about any agreement, and instead Yahoo! will announce a search partnership later Thursday with Google(GOOG).
- The Wall Street Journal reported that Microsoft is saying it is no longer willing to buy Yahoo for $33 a share, and that talks between the two have ended without a deal.
- The blog TechCrunch, citing a "reliable source close to one of the companies" said an announcement coming from Yahoo! at 4:30 p.m. EDT likely involves "a search partnership between the two companies that outsources all or part of Yahoo search marketing, and possibly search itself, to Google."
Yahoo down 11%. Considering the original offer came in the low $30s when Yahoo was trading in the upper teens, CEO Yang should really resign. Inflated vision of self worth. Edit: Down 14%.
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2 comments:
Yes, very sick of this story! Not only do I have to read about it practically every day in the financial press, I'm in an MBA program so have to talk about it in class. Do the deal or don't do the deal already... I don't care!
Its like Time Warner and AOL
put 2 old dinosaurs together and you get... 1 old dinosaur. Who cares.
Unless MSFT spins off XBOX into its own unit, these stocks are dead to me - so 1990s :)
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