By Katrina Chan June 12, 2008 | Comments (0)
Recs
It's over. We tried to make it work, Yahoo!, but it's you, not me.
Talks between Yahoo! (Nasdaq: YHOO) and Microsoft (Nasdaq: MSFT) have been called off for good. The Wall Street Journal has reported that Microsoft isn't interested in pursuing a takeover of Yahoo! -- not even at the $33-per-share offer that Microsoft was willing to agree to last month. With a looming search-advertising announcement between Google and Yahoo! scheduled for later today (possibly to build on a previous outsourcing agreement), Yahoo! seems to be back on its feet. But investors aren't.
Shortly after the Microhoo breakup, shares of Yahoo! dropped more than 10%, while shares of Microsoft are up roughly 4%. It sounds as if quite a few investors don't believe in a standalone Yahoo!, and they're taking Rick Munarriz's advice to throw this stock away. Investors thinking of booting Yahoo! shares might want to look at one of the three companies Rick singled out as a possible Yahoo! replacement: Google, Baidu.com (Nasdaq: BIDU), or IAC (Nasdaq: IACI).
Should investors be punishing shares of Yahoo! following the Microhoo breakup? Does Yahoo! have enough under its hood to warrant a comeback? Or do you expect to see another suitor for the troubled search site? Chime in with your Foolish comments below.
Microsoft is an Inside Value recommendation that no longer wants to lend part of its name to Microhoo. Baidu is a Rule Breakers pick. Try either newsletter free for 30 days.
Sector Editor Katrina Chan does not own shares of any of the companies mentioned. The Fool's disclosure policy is dropping pancakes like they're hot.
Read/Post Comments (0) | Recommend This Article (3) Recommended 3 Times
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.
Your Fool username will be displayed with your comment. Please be respectful with your comments. Review our Fool's Rules.
Javascript is required to comment on Fool articles.
DocumentId: 663898, ~/Articles/ArticleHandler.aspx, 11/23/2009 1:19:06 PM
Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.
By The Motley Fool
Credit bureau: A credit bureau is an organization that maintains records on the credit worthiness of individuals. Most now use a credit score system that keeps track of credit history and considers factors like late payments, number and amounts of outstanding loans, credit card balances and income. Credit score now seems to have displaced the previously used credit rating system. A credit bureau will issue a…
Want to learn more or edit this definition? Click here to read more!
Terms & Conditions
RSS Headlines
Fool UK