Yahoo Shareholders Transfer $2.9 Billion To Microsoft Shareholders
by editor on Jul.29, 2009, under TechCrunch
Anyone wondering who got the better deal today (my detailed thoughts later) need only look at the stock movements of Yahoo and Microsoft. Yahoo dipped 12.08% to $15.14, knocking $2.9 billion off their market cap. Microsoft gained 1.41% to $23.80, adding…$2.94 billion to their market cap.
So net/net about $300 million in new value was created today by the market, All of that plus everything Yahoo lost went to Microsoft. Yahoo got Binged, to the tune of $2.9 Billion.
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