Last February, when the news of the Microsoft-Yahoo deal first broke, people were sceptical about it. Yesterday, the deal was closed.Yahoo shareholders have transfered $2.9 billion to Microsoft shareholders. Yahoo knocking $2.91 billion off their market cap while Microsoft adding $2.94 billion to their market cap.
So net/net about $30 million in new value was created by the market. All of that plus Yahoo got Binged.
No comments:
Post a Comment