Yahoo ends all talks with Microsoft, shares plunge

In the latest turn of events in the Yahoo! takeover bid by Microsoft, Yahoo! have announced that no further talks with Microsoft relating to any business deals between the two giants will occur. This has sent Yahoo! shares into a downward spiral shaving over 13% off their value.

Microsoft on the other hand is doing better off the news, with a 70 cent increase in share value, or 2.6%.

It is widely rumoured that this announcement is going to be followed by an agreement between Yahoo! and Google once markets have closed.

Still with Carl Ichan and his team still in play, and Google standing in the background, anything could happen!

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31 Comments

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You can bet that the Yahoo board is getting canned as soon as the stock holders can get meeting and vote.

I mean wow, I have never seen a company run itself into the ground as fast as they have. I think Yahoo's board
has lost site of who they work for, the share holders, and by trying to be geeky tough guys and demand more for
their stock when they were dealing with MS was just stupid. MS offered them a price that was more than fair and
more than the stock was worth. As a shareholder I would be absolutely livid with them and demand the boards heads
on a platter made from the now toilet seeking stocks.

Roy Bostock
Ron Burkle
Eric Hippeau
Vyomesh Joshi
Arthur Kern
Robert Kotick
Maggie Wilderotter
Gary Wilson
Jerry Yang

Lets hear it for the board trying to get greedy with MS and managed to flush away millions and millions of stock holders dividends.

*clap clap*

Why are all you mental midgets incapable of spelling the man's name correctly?

It's Carl ICAHN - not Ichan - not a a particularly difficult combination of letters.

He gives away more money annually than most of you will see in a lifetime.
He also owns more than 50 million shares of Yahoo.

For god's sake - care a little bit about accuracy or don't bother writing (if that is what you call it) at all.

(nunjabusiness said @ #13)
Why are all you mental midgets incapable of spelling the man's name correctly?

It's Carl ICAHN - not Ichan - not a a particularly difficult combination of letters.

He gives away more money annually than most of you will see in a lifetime.
He also owns more than 50 million shares of Yahoo.

For god's sake - care a little bit about accuracy or don't bother writing (if that is what you call it) at all.

And him giving away tons of money is highly relevant to this article.... :rolleyes:

Bill gates owns more shares in microsoft, and donates more money than Carl.

when news came out MS buying yahoo, MS went down, Yahoo went up. this is typical movement of stock market.

and when the merger talks falters, the market will correct itself moving to the opposite direction.

i don't see any big point here.

i am not surprised YHOO will go up again with the google deal.

When the Microsoft bid was initially made, I was hoping Yahoo would hold out. When the offer was rejected, I thought "great!" Then Icahn and crew brought Yahoo!'s shortcomings to light, effectively dooming Yahoo! if they didn't reach an agreement with Microsoft. I'm still happy about a no-merger, but don't know whether to be sorry for Yahoo! or disappointed in them. In either case, Microsoft definitely forced Yahoo down the gauntlet... I just don't think they're going to come out alive.

oh look, you managed to use an antiquated standard MSN webpage to compare with search pages, instead of say... using the WLS page.... because that would make sense and wouldn't destroy your oh so cool but unfunny image mashup

Dear brent3000, u r fool. go here: http://www.live.com/?searchonly=true & watch Windows Live Search page, MSN is a portal page like iGoogle(???) sorry google don't have that, like Yahoo.com's front page. www.google.com's front page should compare only with www.live.com's front page. not with www.msn.com's front page.

(X'tyfe said @ #7)
finally its over, and microsoft got nothing
i think we should all be thankful of that

why is that?

If you an apple boy you shouldn't be happy because the stock plummet today, because of rumors about Steve Jobs health, which I think is a bunch of bull.

Actually Microsoft stock has been up all day, and has been boosting ever since the Yahoo news came out.

(Scutley said @ #7.1)

why is that?

If you an apple boy you shouldn't be happy because the stock plummet today, because of rumors about Steve Jobs health, which I think is a bunch of bull.

Actually Microsoft stock has been up all day, and has been boosting ever since the Yahoo news came out.

im a windows user believe it or not

i just think microsoft is getting too big

(Scutley said @ #7.1)

why is that?

If you an apple boy you shouldn't be happy because the stock plummet today, because of rumors about Steve Jobs health, which I think is a bunch of bull.

Actually Microsoft stock has been up all day, and has been boosting ever since the Yahoo news came out.

I don't think the rumors are bull. He has had health problems in the past. He also had cancer which was surgically removed. The problem with cancer is that in many cases, if the person had it once and got better, there are chances it will return.

Yeah, we're all thankful Yahoo's shares plummeted.

The only ones pleased by this news are the biased Microsoft-haters. There's no logical reason to be thankful that Microsoft pulled out but hey, whatever floats your boat

I use Yahoo Mail and I know quite a few others who use it as well. In fact, there are more Yahoo Mail users than there are Hotmail users!

To be honest I am quite disappointed with Yahoo
because for ages they made no improvements to Yahoo Groups.

Yahoo Groups is in bad need of getting eSnips-like features
of unlimited sharing of Photos, Videos, and Music.

They have not innovated on Yahoo Groups much.

Next, is the confusion over Yahoo 360 and Yahoo Mash,
and Yahoo Photos and Flickr.

Good thing they made the right move of getting rid of the useless Yahoo Photos,
that has been spoofed in Yahoo Geocities and trick users into a fake Yahoo Photos login page.

Flickr doesn't require you to login to view photos.

Lastly, Yahoo Messenger is such a big memory hog, shame on the Yahoo Messenger Team
because Firefox 3 has been ahead of them in optimizing memory footprint.

(macf13nd said @ #1)
gosh.

Dang! I had hopped the Microsoft deal would go through - to enjoy the disasterious fall out! :nuts:

Yahoo didn't want to make a deal with the devil, so they hopped out of the frying-pan into the fire! Which ever way, some are going to get seriously burned :confused: Still, at least my MSFT shares have increased in value. "Go Steve Go!"

I dont know what is worse, the largest software company expanding its online services or the largest internet juggernaught (sp) stricking a deal with #2