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Digital Daily

Monday, May 5, 2008

Yah…eww

The market is finally having its say about the collapse of the Microsoft-Yahoo deal and its words are far from kind. Shares of Yahoo plunged some 21% in premarket trading this morning after Microsoft abandoned its takeover bid, wiping out about $8.7 billion of the company’s market value. Yahoo’s current pre-market price is about 30% below Microsoft’s final offer of $33 a share, which the company deemed inadequate.

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About John

John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper.

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Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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