As expected, Yahoo's shares fell sharply Monday following the collapse of its proposed acquisition by Microsoft. The Web portal's stock tumbled almost 15% to close at $24.47. Still, that's well above
the $19.18 it closed at the day before Microsoft went public with its $31 a share bid for Yahoo on Feb. 1.
Seven analysts who follow Yahoo downgraded the stock to "sell" or "strong
sell," according to Thomson Reuters. But analysts aren't ruling out that possibility that Microsoft could come back at some point to try to scoop Yahoo up at a lower price.
Talks between the
companies last weekend broke down over price, with Yahoo willing to accept $37 a share and Microsoft going no higher than $33. Microsoft's stock closed Monday at $29.08, down 0.55%.
--Mark Walsh