iEntry 10th Anniversary RSS Newsletter Advertising
Join the WebProWorld Forum!
Text: Decrease Font Size Increase Font Size | Print Print Article | Share: Delicious Digg StumbleUpon Post to Twitter Post to Facebook
3 commentsWednesday, July 29, 2009

Yahoo Having A Horrible Day On The Stock Market

New deal not popular with shareholders

According to a statement Carol Bartz issued this morning, the new Yahoo-Microsoft deal "comes with boatloads of value for Yahoo, our users, and the industry."  But a significant number of Yahoo's (former) investors apparently didn't believe that line, and have sent the company's stock into something of a tailspin. 

Yahoo Logo

People who bleed purple can try to put the matter into perspective; the whole stock market is having an iffy day, after all, with the Dow and Nasdaq down 0.86 percent and 0.85 percent right now, respectively.

Yahoo's down 12.08 percent at the moment, though, which signals the existence of problems on a rather larger scale.  Plus, if you stop to consider that the deal with Microsoft isn't supposed close before early 2010, it seems that there's lots of time left during which other shareholders may choose to flee.

Meanwhile, Microsoft's stock is up 0.72 percent, which makes it pretty clear which company investors believe is positioned to get the upper hand.

Don't be surprised if some Yahoo shareholders raise formal objections to the partnership, creating still more controversy and delays before anything gets done or possibly scuttling the whole deal.

About the author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.

Yahoo-Microsoft deal

I wonder what name their going to keep when they do merge.

Great Article

Interesting development... I actually think the collaboration will be great for marketers & help level the playing field VS the Google behemoth...

Publish A Comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
1 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
SEARCH
Popular WPN Business Resources












Subscribe to WebProNews


Send me relevant info