Filed under: Deals, Microsoft (MSFT), Yahoo! (YHOO), Options

Microsoft (NASDAQ: MSFT) announced it has withdrawn its proposal to acquire Yahoo (NASDAQ: YHOO).

YHOO closed at $28.67 on Might 4. YHOO shut at $19.18 on January 31, 2008, prior to MSFT’s buyout offer on February 1.

YHOO May option implied volatility of 77 was above its 26-week average of 42 according to Track Data, indicating huge uncertainty.

Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

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This entry was posted on Monday, May 5th, 2008 at 3:29 pm and is filed under Latest News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.