I can’t imagine more extreme opposites than what Yahoo and Microsoft are thinking right now. Yahoo not only retraced back the share prices prior to Microsoft takeover bid but even “bettered” it.
Microsoft had given Yahoo’s board three weeks to agree to its acquisition offer, initially valued at $44.6 billion. Yahoo is nor valued at $25.06 billion as at Friday’s close. Quite a big difference. The Microsoft management must be thankful that the deal did not go through. Yahoo broke $18 for quite a few sessions and I do not see its price going positive in such a bear market.