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Given the hue and cry about Yahoo!'s expected layoffs and its less than perfect market performance in Q4, the word about the possible bid by Microsoft had already been in the air, which has now been translated in to a reality. Would the deal eventually materialize or not?
Google would like to see Yahoo stay out of Microsoft's embrace for competitive reasons, but Microsoft's top lawyer says there's no problem here.
Google's stock is down because its rate of growth is down according to Google's latest quarterly financial report. Google still had a 30 percent increase in payments from clicking ads, but that was substantially down from the 45 percent increase they had a year earlier.
Yahoo hasn't said much regarding Microsoft's purchase offer but here are a few of the official statements that are public so far...From Yahoo Press Release:Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today said that it has received an unsolicited proposal from Microsoft to acquire the Company. The Company said that its Board of Directors will evaluate this proposal carefully and promptly in the context…
Late trading after the bell continues to nudge shares of Yahoo upward, after a dramatic day initiated by Microsoft's disclosure of a $44.6 billion bid to acquire the Internet company.