Midday Movers: E.piphany Lower After Acquisiton; Talbots' Posts Stylish Earnings
Meanwhile, the Financial Times cited people familiar with the situation in reporting that the talks between the two companies, which it said were preliminary in nature, ended last week.
According to CNBC, there is a 50-50 chance for a pact between the two Internet giants, with a "significantly" smaller chance that Yahoo! would wholly acquire eBay. CNBC reported that sources said negotiations heated up after America Online (AOL Quote) said it would buy Time Warner(TWX Quote), but that no definitive agreement has been set. Yahoo! slipped 10 3/4, or 6.3%, to 158 and eBay fell 15, or 7.1%, to 195 1/2.
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