Yahoo May Attract Microsoft Bid, Bear Stearns Says |
| Bloomberg - Sep 4, 2007 |
Yahoo! Inc. rose the most since May after it was named a ``top pick'' by Bear Stearns & Co., which said shares of the most-visited U.S. Web site may rise on speculation it will be acquired by companies such as Microsoft Corp.
Microsoft, the world's biggest software company, may be willing to offer as much as $40 a share, 76 percent above Yahoo's last closing price on Aug. 31, based on acquisition prices for other technology companies, analyst Robert Peck wrote in a note.
``Yahoo remains an attractive acquisition candidate for either traditional media companies seeking to deepen their exposure to the Internet or from technology companies like Microsoft,'' the New York-based analyst wrote.
Read Full Article from Bloomberg
- Posted: 2007-09-05 10:14:52
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