Yahoo stock drops like a bomb after deal

Thu 30 July 2009 13:00, Bas van den Beld

Yahoo made a deal yesterday which Carol Bartz believed to be a better deal than the one last year. Steve Ballmer said it was a 'different' deal. Who do the shareholders believe? I'm afraid they might not be so happy with this deal. The Yahoo stock dropped like a bomb yesterday after the news of the deal came out.

The stock dropped more than 10 percent and went down to 15.14, starting the day at 17.22. Microsoft went up slightly from 23.47 to 23.72. Though Bartz claimed Yahoo's income would increase with no less than $500 million over the next two years, the analysts will wait and see what happens.

Yahoo stock drops like a bomb after deal

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