Thursday, October 6, 2011

Rumored takeover by Microsoft can get Yahoo's stock

Rumored takeover by Microsoft can get Yahoo's stock

According to unconfirmed reports about a planned takeover by Microsoft,
the shares of Internet company Yahoo on Wednesday has risen strongly. At
New York's Nasdaq exchange soared in the short term by more than 10
percent to $ 15.95 high. To media reports that Microsoft is considering
a bid for the company come under pressure, the participants first took
no position.

Microsoft was not about to make a bid for Yahoo, the financial news
agency Bloomberg reported, citing people inaugurated. There were also no
Microsoft executives involved in negotiations.

Microsoft had offered in February 2008 to 47.5 billion dollars for a
takeover of Yahoo. After lengthy negotiations failed, however, this
resistance of the Yahoo co-founder Jerry Yang. 2009 Microsoft and Yahoo
finally agreed on close cooperation in business with search advertising.
In recent weeks also been other bidders for Yahoo were brought into the
conversation after the beginning of September, surprisingly, the CEO
Carol Bartz was dismissed.

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