Yahoo stock plunges? US$7 billion has been added to the share value Yahoo! as a result of the failed Microsoft takeover bid. On Jan 31, the day before Microsoft offered $31/share for Yahoo, YHOO was at $19.18/share (market cap: $26.4 billion) and MSFT was at $32.60/share (market cap: $303.6 billion). At the close of trading today, YHOO closed at $24.37/share (market cap: $33.5 billion) and MSFT was at $29.08/share ... Read full entry

Google cries foul over Microsoft's Yahoo bid The proposed Microsoft takeover takeover of Yahoo! has prompted an "uncharacteristically forthright" blog post from the head of Google's legal department. Microsoft's $44.6bn bid for Yahoo raises "troubling questions" about the future of the internet, Google has warned. A takeover would also create a business with an "overwhelming share" of online communications services of web-based email and instant messaging, David Drummond, Google's ... Read full entry