AN FRANCISCO — Yahoo Inc.’s efforts to revive takeover talks with Microsoft Corp. have reached a dead end, prompting the Internet pioneer to hire online search leader Google Inc. to handle some of its advertising sales.
The news disclosed Thursday caused Yahoo shares to plunge 10 percent as investors abandoned hope that Microsoft would renew a nearly five-month quest to buy the Sunnyvale, California-based company.
Although a stock sell-off is never welcome news for any company, Wall Street’s disenchantment comes at a particularly bad time for Yahoo and its board of directors.
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Sunday, July 6, 2008
Yahoo Ends Talks With Microsoft, Reaches Deal With Google
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1 Comments:
Its good i tell you the truth, this is good news for me.
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