Yahoo Under Pressure After Deal Collapse

An expected realignment of the consumer internet sector was thrown into doubt over the weekend after Microsoft's surprise abandonment of its $46.5bn offer for Yahoo. The move is set to put pressure on senior executives of both companies, as one of Yahoo’s largest shareholders criticised both sides for failing to agree a deal that would have left Yahoo shareholders with a big gain and given Microsoft a boost in its attempt to compete with Google.
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Posted by Editor at May 5, 2008 12:52 AM