In the latest turn of events in the Yahoo! takeover bid by Microsoft, Yahoo! have announced that no further talks with Microsoft relating to any business deals between the two giants will occur. This has sent Yahoo! shares into a downward spiral shaving over 13% off their value.
Microsoft on the other hand is doing better off the news, with a 70 cent increase in share value, or 2.6%.
It is widely rumoured that this announcement is going to be followed by an agreement between Yahoo! and Google once markets have closed.
Still with Carl Ichan and his team still in play, and Google standing in the background, anything could happen!