Glad to know ya Yahoo!

Glad to know ya Yahoo!

PostBy: Richard S. On: Sat Nov 08, 2008 6:17 am

For anybody that hasn't been following this Yahoo! has been in steady decline over the years. MS made a offer over the summer for $33 a share and they declined and instead took a smaller deal with Google. Google backed out of it because of possible litigation. As of yesterday Yahoo stocks are at about $12 a share.

http://www.zdnet.com/ballmer-not-intere ... 039544335/
"We are not interested in going back and re-looking at an acquisition," he said. "I don't know why they would be either, frankly."

When discussing the failed takeover, which, if successful, would have been one of the biggest takeovers in IT history, Ballmer said: "They turned us down at $33 a share; move on."


Don't know where its heading but I'll venture to guess MS is going to pick them up for a fraction of what they originally offered.
Richard S.
 
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Re: Glad to know ya Yahoo!

PostBy: WNY On: Sat Nov 08, 2008 9:05 am

That's big business for ya....I haven't used Yahoo in a long time....
WNY
 
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Re: Glad to know ya Yahoo!

PostBy: UpStateMike On: Wed Jan 21, 2009 5:35 pm

Why anyone wants a chocolate milk soda is beyond me. Good riddance, Yohoo!!!
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Re: Glad to know ya Yahoo!

PostBy: kootch88 On: Wed Jan 21, 2009 5:39 pm

Can be had for $11.17 a share now. I imagine that CEO is bumming out right about now. The funny thing is their P/E ratio is still a wopping 17.56,even at this deflated price.
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Re: Glad to know ya Yahoo!

PostBy: e.alleg On: Fri Feb 13, 2009 1:34 am

I'll bet Buffet picks up a few million shares.
e.alleg
 
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