http://henry.lubong.com This blog is about my life's journey... Mon, 06 Feb 2012 22:28:25 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://henry.lubong.com/2008/05/03/microsoft-walks-out-of-yahoo-deal/ http://henry.lubong.com/2008/05/03/microsoft-walks-out-of-yahoo-deal/#comments Sun, 04 May 2008 01:18:12 +0000 Henry Lubong http://henry.lubong.com/?p=150 The anticipated deal between Microsoft and Yahoo is now off. The news is all over the internet today and the rumor is Yahoo stayed firm with $37/share while Microsoft would only want to go as high as $33/share. Steve Ballmer withdrew the offer today putting an end to a three-month buyout saga. Microsoft will not even pursue the hostile take over anymore. It’s going to be a sad day for Yahoo’s shareholders on Monday. If the deal has gone through, Yahoo’s stock is expected to soar in the opening market this Monday but with the current situation, I won’t be surprised if the stock price goes back below $20. So “Microhoo” is a no go. On Monday, it’ll be a “Microhuhu” for a lot of shareholders.

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