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Friday's Tech Winners & Losers
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Updated from 2:50 PM EST with new stock prices
Tech stocks were subdued Friday despite an unsolicited bid for Yahoo by Microsoft. Meanwhile the broader market indices struggled with mixed economic news including data about manufacturing and jobs.
Shares of Yahoo(YHOO Quote) soared 48% after Microsoft(MSFT Quote) moved to acquire the company for $31 a share in a cash-and-stock offer valued at about $44.6 billion.
The offer represents a 62% premium above Yahoo's Thursday closing price of $19.18. Yahoo's stock was up $9.20 to $28.38. Shares of Microsoft fell $ 2.15, or 6.6%, to $30.45. ...
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