Yahoo plunges after Microsoft drops bid

Shares in Yahoo fell almost 20 per cent in Frankfurt yesterday after Microsoft Corp. walked away from its bid for the internet company. Microsoft on Saturday sweetened its initial $31 per share offer for Yahoo to $33, but then withdrew from the talks...

Shares in Yahoo fell almost 20 per cent in Frankfurt yesterday after Microsoft Corp. walked away from its bid for the internet company. Microsoft on Saturday sweetened its initial $31 per share offer for Yahoo to $33, but then withdrew from the talks when Yahoo chief executive officer Jerry Yang dug in for a price of $37.

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