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Yahoo (YHOO +10.1%), which took off on a report Microsoft (MSFT) is weighing a bid, drops 3.6%...

Yahoo (YHOO +10.1%), which took off on a report Microsoft (MSFT) is weighing a bid, drops 3.6% AH as Kara Swisher, who broke the first reports of buyout interest, says her sources tell her "Microsoft execs have taken pains to make it clear" they won't be bidding for Yahoo. She adds that much of the current M&A speculation is "being pumped up by bankers."
Comments (5)
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    "Bankers" have nothing to gain by pumping these rumors into the market only speculators and ignorant reporters looking for exposure.
    5 Oct 2011, 04:39 PM Reply Like
  • itsAme
    , contributor
    Comments (99) | Send Message
     
    M&A bankers have a ton of incentive to pump these rumors. Anything that would increase a bidding war
    5 Oct 2011, 04:47 PM Reply Like
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    Since no one is bidding that makes no difference to any investment bankers. And, by the way the investment bankers gain nothing from stock fluctuations only the fee on finding a buyer, structuring and closing the deal, which is not going to happen without Jack Ma who has the inside track.
    5 Oct 2011, 04:59 PM Reply Like
  • itsAme
    , contributor
    Comments (99) | Send Message
     
    How do you know no one is bidding? Even if its the same company "bidding" against itself and raising their price if they think someone else is bidding. (Think real estate agents)

     

    The higher the price, the higher the fee
    5 Oct 2011, 05:32 PM Reply Like
  • Mr. Massive
    , contributor
    Comments (125) | Send Message
     
    I trust Reuters over allthingsd... Its funny that they don't mention kara swisher is married to megan smith, a google exec... ulterior motives, party of 1. she claims her sources... did she text her wife?
    5 Oct 2011, 04:43 PM Reply Like
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