Typically the business media is reporting on how much Yahoo! stock was off early this week when the deal with Microsoft fell through. They need to look a little further back.
Microsoft’s intention to buy Yahoo! was announced February 1st.
On January 31st, Yahoo! stock closed at $19.18. Today it’s at $25.30; up 31.9%.
On January 31st, Microsoft stock closed at $32.60. Today it’s at $29.86; down 8.4%.
I just loved the quote from Gates this morning that Microsoft and Yahoo should “pursue separate paths”.
What are they, quarreling lovers?
He may as well have said “it’s not you, it’s me”
In the end, I believe Yahoo will be the loser. They just can’t sustain against Google.