TITLE

Yahoo Shares Spike on Ballmer Tease

AUTHOR(S)
Schachter, Ken
PUB. DATE
October 2008
SOURCE
Red Herring;10/16/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the increase in shares of Yahoo! following a statement from Microsoft Corp. chief executive officer (CEO) Steve Ballmer during the Gartner ITXpo held in Orlando, Florida. Ballmer said that an acquisition of Yahoo! by Microsoft still makes sense for shareholders of both companies. Since then, shares of Yahoo! increased by 10.2 percent to $12.95. Yahoo! shares have declined by 49.5 percent year to date. It was in spring when Microsoft proposed a merger with Yahoo!. But according to Microsoft's public relations department, the company has no interest in acquiring Yahoo!.
ACCESSION #
36603009

 

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