May 6, 2008

Yahoo shares drop as deal is off

After the deal between the worlds largest software company Microsoft and the Search giant Yahoo fell through after problems with how much money was on the table, has affected Yahoo more than anyone else.

The markets have seen the shares plummet to $24.37 which is considerably less that the $33 per share that Microsoft was offering for the company; however Yahoo in an action that seems greedy was demanding that Microsoft paid $37 per share.

But at the same time the shares in Microsoft remained stable, which just goes to show that the deal meant more for Yahoo as a business than it did for Microsoft. Perhaps they are now buying shares at the new lower prices; this would be saving them around $9 per share!

Source [News]