Monday, October 13, 2008

TechTrader: Yahoo: Speculation Grows That MSFT Will Make New Bid

Posted by Eric Savitz
"Yahoo (YHOO) shares are getting a lift today from speculation that the huge drop in the company’s shares could lure a new bid from Microsoft (MSFT). A Heard on the Street item in the Wall Street Journal today notes that at a 50% premium to Friday’s close at $12.29, Microsoft could still bid $20 billion less than it offered in its original attempt. “Given that math,” the WSJ wrote “it’s a good bet Microsoft will eventually come back.”
Silicon Alley Insider over the weekend said there were rumors that Carl Icahn is mulling another attempt to oust CEO Jerry Yang."
In pre-market trading, Yahoo is up 81 cents, or 6.6%, to $13.10.
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1 comment:

Anonymous said...

options traders are betting on it...

i'd rather buy gold bars from ft. knox.