Well the ambiguous Microsoft - Yahoo! Merger has been cancelled. After Microsoft gave Yahoo! an ultimatum. They said Yahoo had better come to the table by Saturday, April 26rd or get ready for a proxy fight. Well, the date has come and passed.
One week late Microsoft announced that they are resigning their takeover bid on Yahoo!. On that very weekend, Yahoo's stock dropped nearly thirty percent! Proving that Microsoft was Yahoo!'s only hope of making money. know that day to day stocks do not matter, but for a large corporation like Yahoo! to fall 30% in one day is amazingly horrible. And thus ends the soap opera that nobody watched. Alas, poor Yahoo!. I knew thee.
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Wednesday, May 7, 2008
Microsoft - Yahoo! Deal Part 3: Yahoo! Dies (Kind of)
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