Yahoo Stock drops 22% in Pre-Market Trading
Topic: Technology News
Posted on Mon, 5 May 2008 06:58:00 CDT | by Luigi Lugmayr
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As expected the Yahoo! stock takes a beating after Microsoft stopped pursuing the company this weekend.
The Yahoo stock is currently down over 20% in pre-market trading. Microsoft's stock on the other hand is on the rise.
The cancelled deal generates huge buzz in the media. There are tough times ahead for Jerry Yang this week.
Microsoft withdrew their bid for Yahoo on Saturday. The company also said not to pursue a hostile take over.
See Yahoo stock value on Yahoo Finance site.
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Back to I4U News FrontpagePosted on Mon, 5 May 2008 06:58:00 CDT | by Luigi Lugmayr
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