TITLE

Yahoo Shares Leap on Deal Talk

AUTHOR(S)
Schachter, Ken
PUB. DATE
July 2008
SOURCE
Red Herring;7/2/2008, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that shares of Yahoo vaulted $1.49, or 7.4 percent, to $21.69 in the wake of a report that Microsoft is talking to potential partners about a deal to split up Yahoo's assets. Microsoft would land Yahoo's search business, under the scenario, while potential partners Time Warner or News Corp. would get the rest of Yahoo's assets, according to a "Wall Street Journal" report. Yahoo's offer followed a breakdown in negotiations on May 3, 2008 when Microsoft had said it was ending its pursuit of all of Yahoo.
ACCESSION #
36670501

 

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