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.





