Yahoo's shares plunged by almost 20% in New York after software giant Microsoft scrapped its three-month-old bid to buy the internet firm.
The deal collapsed after the two sides could not agree on the sale price.
Microsoft boss Steve Ballmer formally withdrew the offer in a letter this weekend to Yahoo's head, Jerry Yang.
Yahoo shares pared some of their losses to close 15.6% down at $24.22, erasing a big chunk of the 50% gain made since the takeover approach.
source/full story
The deal collapsed after the two sides could not agree on the sale price.
Microsoft boss Steve Ballmer formally withdrew the offer in a letter this weekend to Yahoo's head, Jerry Yang.
Yahoo shares pared some of their losses to close 15.6% down at $24.22, erasing a big chunk of the 50% gain made since the takeover approach.
source/full story
