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Yahoo! Plummets After Microsoft's Exit

Stock quotes in this article: YHOO , MSFT , GOOG , IBM  

SAN FRANCISCO -- The pressure is on for Yahoo!(YHOO Quote) to make it up to shareholders after botching a $47.5 billion deal with Microsoft(MSFT Quote).

Shares for the Internet giant were taking a nosedive after Microsoft officially withdrew its offer on Saturday, sending Yahoo!'s stock tumbling as much as 20% Monday morning before recovering some of its value. Shares were recently down more than 15% or $4.34, to $24.33.

Microsoft had upped its bid to $33 a share from its original offer of $31 a share, but Yahoo! held firm at $37 a share, resulting in the deal's eventual collapse. ...

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