Microsoft decides .... Uh, no thanks.
Congratulations to Microsoft shareholders! And my sympathies go out to the Yahoo shareholders. The Yahoo workers were also anti-Microsoft, and wanted Yahoo to resist. I wonder how those workers are feeling today, especially if they own a lot of YHOO stock?
Yahoo stock had gone from $18 to $29 late friday in anticipation of MSFT's offer. Microsoft upped their bid from $31 a share to $33, but Yahoo wanted $37. Too rich, and Microsoft opted out.Without the buyout, Yahoo stock is getting pounded today. Will it go back to $19?