Yahoo’s stocks went down 15% as it closed today, Monday. The reason for this decline was due to Microsoft’s withdrawal of a $47.5 billion takeover bid, which was rejected by CEO of Yahoo, Jerry Yang.
Yahoo’s shares went down a low $4.30 on Monday to finally close at $24.37, if you can remember Yahoo’s stocks were valued at $28.67, on friday before Microsoft decided to withdraw its bid.
In the mean time, Google’s stocks went up by $13.61, or 2.3% percent, to finally close at $594.90. There have been rumors going around …