Yahoo's stock took a hit as the US financial markets opened on monday morning, may 5. This happened after Microsoft abandoned its offer to buy Yahoo. Microsoft offered to buy Yahoo at $33 per share whereas Yahoo was eyeing a bid of $37. While I am composing this post the stock is down by more than 15% and Microsoft is trading flat.
What would have been the outcome of the merger if Microsoft had not walked out with its bid? MicroYahoo.
Now that Microsoft decided to give up on acquiring Yahoo, Yahoo's stock price is softly moving down towards a micro value(good one huh!!!)....
There are rumors that Microsoft might again try to acquire Yahoo. Lets wait n watch.