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May 5, 2008

Microsoft Withdraws Bid for Yahoo

Anyone want to start taking bets on how far Yahoo stocks will drop this morning? Double your winning by guessing the proper amount of time it takes for the descent to begin.

After Microsoft withdrew their bid for Yahoo late this weekend, Seattlest is guessing the crash will begin within the first few seconds of trading.

Microsoft's withdrawl was spurned by another Yahoo rejection. Despite raising their bid for Yahoo by over $5 million, Jerry Yang (Yahoo's Chief) rejected the offer as still too low. We would not want to be Yang walking into the office on Monday morning, CEO or not. It's not just Yahoo or Yang that may suffer—there are whispers that Steve Ballmer may be forced out at Microsoft because of the failed power play. Of course, there are just as many who say that Ballmer walking away from the Yahoo bid is the best move he's made yet. Only time will tell. Luckily, for the impatient among us all, time began this morning with the opening bell at the NYSE.

The title might be strongly worded, but this is a big deal in the tech world. "Armageddon" by Seattlest Flickr contributor, Laser Butter

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Comments (1) [rss]

Yahoo's stocks saw a 20% plunge. This is a HUUUUGE deal. Reuters' article on Microsoft's options at this point. It's looking kinda bleak!

 
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