Yahoo! (YHOO Quote) surged 14% early Friday on news reports that a deal with Microsoft (MSFT Quote) may be in the offing.
The New York Post says Microsoft asked the Sunnyvale, Calif.-based Net giant to enter formal talks. Citing Wall Street sources, the Post put a $50 billion price tag on the deal. The Post said Microsoft has been driven to the talks by its failure to buy ad server DoubleClick, which went to Google (GOOG Quote). Shares of Yahoo! rose $4.08 early Friday to $32.26.- Loading Comments...
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