Yahoo a Microsoft Takeover Target (Again), Stock Up on NewsAuthored by Scott Goldberg on September 4, 2007 - 4:50am.
Bear Stearns & Co. called Yahoo a “Top Pick” with speculation that takeover discussions between the most-visited US website and Microsoft are heating up. As of mid-day on Wall Street, Yahoo shares were up 5% on the news, based on analyst Robert Peck’s view that Microsoft would buy Yahoo for $40 a share, 76% above the company’s August 31 closing.
Peck appeared on CNBC later in the day, and seemed to downplay the Microsoft-Yahoo takeover rumors. His enthusiasm for the company's future, however, remained upbeat:
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