Comments From Microsoft's Ballmer Suggests No New Yahoo! (YHOO) Bid
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: +16.6%
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Microsoft's (Nasdaq: MSFT) CEO Steve Ballmer said his company may partner with Yahoo! (Nasdaq: YHOO) in the future but isn't planing to make another takeover bid.
Speaking at a conference in Sydney, Ballmer said, "We've moved on."
In February, Yahoo rejected Microsoft's $31 per share bid, which was then pulled by Microsoft. Shares of Yahoo! have since crashed, currently trading at $14, which has some speculating Microsoft can swoop in and get Yahoo 'on the cheap'. This week, Google ended their advertising agreement with Yahoo due to pressure from government regulators and some advertisers. This has re-ignited the MSFT/YHOO speculation.
Speaking at a conference in Sydney, Ballmer said, "We've moved on."
In February, Yahoo rejected Microsoft's $31 per share bid, which was then pulled by Microsoft. Shares of Yahoo! have since crashed, currently trading at $14, which has some speculating Microsoft can swoop in and get Yahoo 'on the cheap'. This week, Google ended their advertising agreement with Yahoo due to pressure from government regulators and some advertisers. This has re-ignited the MSFT/YHOO speculation.
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