by Herb Torrens A volatile stock market, which sent Yahoo's stock plunging by eight percent on Thursday, has some reflecting back to the beginning of the year, when Microsoft had initiated an unsolicited takeover bid for the Sunnyvale, Calif.-based online advertising company. Rob Sanderson, an analyst with American Technology Research, was widely quoted on Wednesday predicting that a new offer for Yahoo would be floated by Microsoft. Sanderson pointed to Yahoo's declining display ad revenues, its flagging search business and its unresolved ad revenue-sharing deal with Google as vulnerabilities. Yahoo's stock has steadily declined since Microsoft's unsolicited takeover bid failed in May. Microsoft's initial offer of $44.6 billion on Jan. 31 amounted to paying a $31 per Yahoo share price, plus cash, for all of Yahoo. In...
[read full story]
Your Web Site
