Yahoo Enjoys The Attention

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Yahoo Enjoys The Attention

By Zacks Investment Research on November 6, 2008 | More Posts By Zacks Investment Research | Author's Website

Yahoo (YHOO) management seems to have moved on from the disappointment of a scrapped search advertising deal with Google (GOOG) and is back wooing Microsoft (MSFT).

Yahoo’s Chief Executive Jerry Yang was quoted by Reuters as saying that he considered the deal to be the best option for the Internet company. Interestingly, the botched deal was one of the options explored by Yahoo and Google to keep Microsoft at bay, which had offered to buy Yahoo for $31 a share. The price remains more than Yahoo’s present share prices.

Yahoo, which surged on Wednesday on rumors of advanced talks with Microsoft, continues its upward run today, with the stock up 3.07% at $14.34.

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