Yahoo! (YHOO) Rises After Google Ad Deal Terminated
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Surprisingly, shares of Yahoo! (Nasdaq: YHOO) are on the rise after Google (Nasdaq: GOOG) ended their advertising agreement with the company, due to pressure from government regulators and some advertisers.
The upside in Yahoo! is being attributed to speculation the termination opens the door up for a new Microsoft (Nasdaq: MSFT)/Yahoo! deal. A deal could involve a 100% purchase of Yahoo! by Microsoft or a purchase of Yahoo's search business.
Currently, shares of Yahoo! are up 5% to $14.03, 55% below Microsoft's $31 per share bid back in February.
The upside in Yahoo! is being attributed to speculation the termination opens the door up for a new Microsoft (Nasdaq: MSFT)/Yahoo! deal. A deal could involve a 100% purchase of Yahoo! by Microsoft or a purchase of Yahoo's search business.
Currently, shares of Yahoo! are up 5% to $14.03, 55% below Microsoft's $31 per share bid back in February.
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