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Wall Street Breakfast: Must-Know News
Posted on May 20, 2008
Dismantling Yahoo. A source says Microsoft's (MSFT) most recent proposal to Yahoo (YHOO) would see Microsoft buying Yahoo's search ad business, Yahoo selling its Asia assets (including stakes in Yahoo Japan and Alibaba), and Microsoft buying a stake in what remains of Yahoo. Microsoft floated the idea with Yahoo executives, but has not formalized it, nor has it put a price tag on Yahoo's search business. One analyst thinks the search ad unit is worth $21B and Yahoo's international assets another $9.25B. Shares of Yahoo Japan and Alibaba fell 4%. Housing woes hurt Home Depot. Home Depot (HD)...
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