Yahoo! Missed the RSVP Date. What Happens Next?
We have been loosely following the Yahoo/Microsoft story, as we didn’t want to over saturate you with details of the saga. However, as we promised on our last podcast, and given the key date’s arrival and dismissal, we will keep you posted on our blog with hopes of keeping you current on what is going to happen next.
Well, as the Saturday April 26th date marking the deadline for friendly negotiations between Yahoo and Microsoft has passed, today saw the stock of both companies fall. Shares of Yahoo closed at $26.43, off 1.38 percent from its Friday close. Microsoft shares closed at $28.99 per share, down about 3 percent from Friday’s close.
Our eMedia podcast laid out what Microsoft stated their next steps were going to be if Yahoo missed the friendly negations deadline; direct discussion with Yahoo shareholders or walk away from the deal completely. No matter how you look at it, both options could have a negative effect for Jerry Yang and crew.
