If there was anything that could drown out the noise that the U.S. Federal Reserve has created lately, it's Microsoft's attempt at a hostile takeover of Yahoo for $44.6 billion.
There's little doubt that there are many Yahoo shareholders that are quite happy today. Over the past year its stock has languished, sinking from a high of over $34 to a close of just over $19 yesterday. Microsoft shares declined on the news, meaning that the half-cash half-stock buyout price that was originally $31 is now a bit lower, but Yahoo's shares still closed up nearly 50%.
For some real time reactions to what the takeover proposal means, I headed over to CAPS to check out the chatter.
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