Yahoo stock sizzles on Microsoft buyout talk
Published May 4th, 2007
Shares of Yahoo Inc. surged more than 17% on Friday after reports that Microsoft may try to buy the Internet-search firm after being beaten to other deals by Google Inc.
A Yahoo-Microsoft combo would make for a stronger foil to Google, the Internet search engine and advertising giant.
Shares of Microsoft slipped more than 1%.
Reports of renewed Yahoo-Microsoft talks take place against the backdrop of swirling rumors of supposed Internet company mergers and acquisitions.
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