Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Yahoo shares soar on new Microsoft takeover hopes

Send a link to a friend

[October 06, 2011]  SAN FRANCISCO (AP) -- Yahoo's stock price is up, riding hopes that the company's once-spurned suitor, Microsoft, will come calling with another takeover bid. Microsoft could return because Yahoo has said it is mulling a possible sale.

HardwareThe shares soared more than 10 percent Wednesday after Reuters reported that Microsoft Corp. is considering making an offer.

The report fed speculation that has swirled around Yahoo Inc. since it fired Carol Bartz as CEO five weeks ago. Reuters cited unnamed sources it said included a high-ranking Microsoft executive.

In May 2008, Yahoo turned down an opportunity to sell itself to Microsoft for $33 per share, or $47.5 billion in all. The shares closed Wednesday at $15.92 after retreating in late afternoon.

A Microsoft spokesman declined to comment.

[Associated Press]

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


< Recent articles

Back to top


News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor