Below is a market snapshot of the past two weeks with tech heavyweights GOOG, YHOO, and MSFT. February 1 marks the date the market learned of the Microsoft’s unsolicited $44B bid for Yahoo. What’s the market think?
Long-term YHOO investors believe the deal will happen and seem ready for an exit. After all, MSFT’s $31 per share bid is a %60 premium on the stock. Google is regaining a few points from it’s recent slide on the news. Meanwhile, Microsoft’s beleaguered stock continues to decline, down 11% since the offer. Ouch.
