Investing
Yahoo! (YHOO) Turns To Microsoft (MSFT) For Help
Published:
Last Updated:
Now that Google (GOOG) has walked away from a deal to sell search advertising for Yahoo! (YHOO), the portal company has to come up with a way to replace all that money. Yahoo! could go through another round of lay-offs, but at some point, who is left?
No one would argue that the best deal for Yahoo! was always the deal to sell to Microsoft (MSFT). Yahoo! is sending signals that it is open to talk.
According to Reuters, "After nearly a year spent seeking alternatives to Microsoft Corp’s buyout offer, Yahoo Inc’s Chief Executive Jerry Yang said he believes a deal between the two is still the best option for the beleaguered Internet company."
Too bad for Yang and his shareholders that Steve Ballmer has watched Yahoo!’s share price drop from the $33 he offered to $14. It is hard to imagine a new offer will be even close to $20.
Douglas A. McIntyre
If you want to retire before 65, pay attention. Study after study has shown that the longer you stay invested, the better your chances at an early retirement.
Every day that goes by without saving and investing for tomorrow means more to earn and save later. Don’t waste any more time and get started with Robinhood today. The app makes it easy to buy and sell stocks, mutual funds, trade options, and even cryptocurrencies.
Sign up today — click here to start your journey.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.