Yahoo (YHOO) Bouncing On The eBay (EBAY) Gmarket (GMKT) Move

April 13, 2009 8:48 AM EDT

This morning Gmarket (Nasdaq: GMKT) is up approximately 36% to $24.80 on news that eBay is buying a 34.2% stake in Gmarket at a 32.5% premium to Friday's closing price. Yahoo! (Nasdaq: YHOO) is benefiting up from its 10% stake in Gmarket and YHOO is up over 5% this morning on the eBay-Gmarket news.

Yahoo may also be seeing some buyer interest from a story in the Journal today about Microsoft (Nasdaq: MSFT) and Yahoo restarting talks to form some sort of partnership.

Subscribe to EasyStockAlerts.com & Get real-time e-mail alerts when news hits your stocks!
Yahoo! Inc. (Yahoo!), together with its consolidated subsidiaries, is a global Internet brand.


Related Categories

Insiders' Blog
Trader Talk

Stocks Mentioned

GMKT 24.11

+0.00 +0.00%
Volume: 110,685
Track GMKT

MSFT 30.50

-0.27 -0.88%
Volume: 44,605,075
Track MSFT

YHOO 16.14

+0.14 +0.88%
Volume: 27,795,852
Track YHOO


Add Your Comment





Follow StreetInsider.com On Twitter