Friday, August 22, 2008

Yahoo Shares Trading Below Pre-Microsoft Offer Price - Bits - Technology - New York Times Blog

Read the full post for some accentuate-the-positive potential Yahoo! developments

It may be because Microsoft appears to have shifted its attention from Jerry Yang to Jerry Seinfeld. Or it may be that investors are feeling pessimistic as Yahoo’s search business continues to weaken. But Yahoo shares on Thursday closed at their lowest point since Microsoft made public its $44.6 billion, or $33 a share, for the Internet portal on February 1. (After months of negotiations, Microsoft withdrew its offer to buy Yahoo.)

Yahoo shares ended Thursday at $19.11, down 6 cents. It was the second day in a row that the company’s stock ended below its $19.18 close on January 31, just before the Microsoft bid.

Yahoo Shares Trading Below Pre-Microsoft Offer Price - Bits - Technology - New York Times Blog

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