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Will Microsoft go on a shopping spree or is the Yahoo withdrawal a ploy? | |
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| Time: 23:50 EST/04:50 GMT | News Source: TechRepublic | Posted By: Kenneth van Surksum | ||
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It certainly appears that the Microsoft deal, while dead for now, has a chance of springing back to life. Although Yahoo shares dropped about 15% on the first day of trading after Microsoft’s CEO Steve Ballmer announced that they had withdrawn their bid, the stock was still trading about $5 per share higher than when Microsoft started the courtship three months ago. Microsoft’s shares dropped a little, indicating that investors want to see the software giant do something to help them believe that it is relevant going against the online search king Google. | ||
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