Originally Published 2007-05-04 16:33:12
Microsoft is not buying Yahoo. Expect a bloody sell off of YHOO on Monday morning. I predict 10% before I wake up on the west coast.
Here's the hour-old news from the Marketwatch:
Talks between Microsoft Corp. and Yahoo! Inc. over a possible combination are no longer active, according to a media report late Friday. The Wall Street Journal reported on its Web site that in recent months the two companies discussed a possible merger, but that the discussions are no longer active. The two companies may still explore other ways of cooperating, the Journal reported. Yahoo shares closed 10% higher at $30.98 on Friday following earlier reports that the company was in talks to possibly be acquired by Microsoft in a $50 billion deal.
Would've been a rough integration in my opinion anyway.