Shares of Yahoo Inc. fell in premarket trading Friday after the Internet pioneer ended Microsoft Corp.'s bid to merge the companies and instead sought a deal with rival Google Inc.
Yahoo announced its decision to let Google handle some of its advertising sales late Thursday, leaving Microsoft's $47.5 billion buyout offer for dead.
Yahoo shares lost 2.3 percent to $22.97 from Thursday's close of $23.52, while Microsoft's stock rose 9 cents_ a third of a percent _ to $28.33. Google shares rose $6.05, just over one percent, to $559 in early action.
Shares of Perfect World Co. Ltd. soared 9 percent to $23.85 after the Chinese online gaining company raised its guidance for the second quarter on favorable marketing results and new product launches.
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