 |
Yahoo Hammered Due To Deal With Microsoft
On February 2nd, 2008, Microsoft tried to acquire Yahoo for $44.8 billion. Now, the corporations have settled on a weak sort of search and advertising partnership, instead, and the difference between those two deals has created quite an uproar in the Internet financial space.
Carol Bartz, who was brought in as Yahoo's CEO after Jerry Yang failed to accept Microsoft's acquisition offers, seemed determined to get Yahoo back on its feet independent of all other companies. Or failing that, she was at least supposed to hold out for "boatloads of money."
But she didn't. The new Microsoft-Yahoo deal doesn't involve any sort of upfront payment; a bit of revenue-sharing is all that's supposed to take place.
So Yahoo's stock has taken quite a hit since the deal went through. On July 28th - just before the official announcement was made - it closed $17.22. This morning, it's trading at $14.63 - a full 15.0 percent lower.
|
|
Terra Firma Investors Approve $492M More
Terra Firma investors have approved plans for the private equity firm to inject another 300 million ($492M USD) into a struggling EMI as part of a...
Another Epic Decline for Microsofts Revenue
If you were hoping Microsoft would rebound from its poor 3rd quarter earnings, you may wish to sit down. Yesterday, the software company...
EMI Considers Bond Issue To Re-Finance Debt
Yesterday I asked if EMI was in deep financial trouble. Now it appears they may have found a way back from the brink. John Studzinski...
Location-Based Services To Reach...
Global consumer location-based services (LBS) subscribers and revenue are on track to double in 2009, according to Gartner.
 Read More...
Google Invests More Money In 23andme
23andme is a biotech company that was cofounded by Anne Wojcicki. Anne Wojcicki just happens to be married to Google...
Read More...
Top Disk Storage Vendors See...
Sales of disk storage systems saw an 18.2 percent decline in the first quarter of 2009, compared to the prior years first...
Read More...
» See
More Articles...
|
Read More...
