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Yahoo shares fall after Microsoft withdraws bid
Shares in Yahoo Inc fell more than 17 per cent on Monday after Microsoft Corp dropped its bid for the internet company.
- Agencies
- Published: 14:56 May 5, 2008
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Yahoo CEO in the hotseat over bid
Yahoo CEO on hotseat over refusal of billion-dollar Microsoft offer
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Microsoft abandons bid for Yahoo
Microsoft abandons bid for Yahoo over disagreement in prices
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Chronology of Microsoft-Yahoo talks
Chronology of Microsoft-Yahoo talks
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Yahoo's Yang needs a good plan
Yahoo's Yang needs a good plan to cover botched Microsoft deal
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Full text of Microsoft's letter to Yahoo
Full text of Microsoft's letter to Yahoo
Frankfurt: Shares in Yahoo Inc fell more than 17 per cent on Monday after Microsoft Corp dropped its bid for the internet company.
Yahoo shares were down 17.2 per cent in Frankfurt at $23.17, while Microsoft shares rose 3.7 per cent.
Yahoo faces growing pressure to find an alternative strategy to Microsoft's $47.5 billion takeover offer.
It is likely to push for an advertising partnership with web search leader Google Inc, sources familiar with the matter said on Sunday.
Google shares rose 3.4 percent in Frankfurt on Monday.
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