Yahoo! has been in and out the news with astonishing frequency this year. Especially after Microsoft's takeover bid was announced and rejected - for a while it seemed like the dance between the two digital powerhouses would never end. But end it did. Or it seemed to anyway. However, the real question now is: what affect did all this tooing and froing have on Yahoo!'s value? When the bid was announced at the start of February Yahoo!'s stock price saw a large increase in value, yet the price per share offered by Microsoft still dwarfed this figure.
The decision to refuse the bid brought the Yahoo! board under a lot of fire. In May Carl Icahn acquired a large number of Yahoo! shares and fought to remove the board of directors. Yahoo! shares had dropped again by this juncture, but after Ichan's declaration they saw another rise in value, before dropping in early June after another negative statement from Icahn.
There was a short period of raised value following news of another attempt from Microsoft, including discussions with Icahn. However the price slumped once again at the start of August. Prices reached their lowest point since late 2003 yesterday, with stock prices finishing at $17.75. This price has brought more speculation that Jerry Wang will have to step down as CEO, if not be ousted by the board, however little in this continued battle has gone as expected.
