Monday, May 05, 2008

Yahooed the Pooch

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? 

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