Microsoft new takeover bid interest has affect on Yahoo shares

By: Peter Chubb | Posted: October 16, 2008 | No Comments
Filed under: Business, News

Yahoo Inc.’s shares have soared since Steve Ballmer, Microsoft Corp. Chief Executive raised the possibility of a renewed takeover bid. It seems that investors like the idea of a takeover deal from Microsoft.

While at a presentation, which was being held at the Florida technology conference, Ballmer said that a deal between Microsoft and Yahoo could “still make sense economically.” After that remark, it had a great affect on Yahoo shares, as they soared by almost 17 percent.

If Microsoft is ever going to try and compete with the dominance of Google, then they need Yahoo behind them. No matter how much MSN improves on their search engine that just doesn’t seem to get close to the giant that is Google.

Source

READ MORE: microsoft