What's Next for Yahoo with Microsoft Deal Off?
STEVE INSKEEP, host:
NPR's business news starts with Yahoo-Microsoft talks that ended.
Yahoo shareholders and employees might've made quite a bit of money if Yahoo CEO Jerry Yang had accepted an offer of $47 billion from Microsoft. But he did not. He refused to come down from a higher price, which he thinks his company is really worth. So now Yang has to prove to shareholders that he can still boost profits and share prices.
Analysts say Yahoo could continue working with its top competitor Google to sell ads, and Yang might talk with other companies about a deal. At the same time, Microsoft is expected to talk with other companies to find ways to boost its Internet business.
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