TITLE

Yahoo Shares Fall; Google Declared Winner

AUTHOR(S)
Schachter, Ken
PUB. DATE
May 2008
SOURCE
Red Herring;5/5/2008, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decrease in the shares of Yahoo following chief executive Jerry Yang's decline of Microsoft's acquisition offer. According to a UBS research, Google has dominated the search market because Microsoft had failed to achieve the scale it sought. In order to compete against Google, Microsoft needs to acquire Yahoo. Shares of Yahoo fell by $4.14, or 14.4%, to $19.18 compared with the $24.53 before Microsoft announced its $44.6 billion stock and cash offer on February 1, 2008.
ACCESSION #
36834905

 

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