Microsoft’s price for Yahoo loses value in week since offer
Microsoft may end up having to raise the amount it is willing to pay for Yahoo if the software company’s stock continues to drop while Yahoo’s continues to rise.
In the week since Microsoft made its surprise bid for Yahoo, the price Microsoft is willing to offer the Internet company has dropped by nearly 7 percent as Microsoft’s share price has fallen. In the meantime, Yahoo’s shares have risen in value, trading at nearly the $31 per share Microsoft was willing to pay, making the company potentially worth a higher asking price and the offer vulnerable to higher bids.
Full story: macworld.com
Share This Post:
more news from the blog