Yahoo shares went into a free fall Friday morning, following comments made by Microsoft CEO Steve Ballmer that the software giant would not make a renewed bid for Yahoo.
Shares of Yahoo plummeted as low as 16.5 percent in Friday trading, landing as low as $11.65 a share.
Ballmer, speaking at a Committee for Economic Development of Australia , said:
Look, we made an offer, we made another offer. It was clear that Yahoo didn't want to sell the business to us, and we moved on.
We are not interested in going back and relooking at an acquisition...… Read more