| Re: Microsoft Abandoning Yahoo Acquisition
Their price increased by 50% after the bid announcement, so it is reasonable that it will drop about 50% after the bid withdrawal. Down about 20% in pre-market trading, and analysts reckon another 20% after trading starts.
I guess I have trouble seeing the 'value' in Yahoo - but as I said above, they've been written off before and managed to survive quite nicely!
Richard |