Throughout the tussle between Yahoo! Inc. and Microsoft Corp. earlier this year, Microsoft always had the trump card of pulling its offer, knowing that in all likelihood that shares of Yahoo! would drift back to the $19.18 level where they were trading on Jan. 31, just before Microsoft's $31 a share, $47.5 billion offer was made, and they could make another offer at an even lower price.
Well, the $19.18 support level held for a while, but since the rout on Wall Street, Yahoo!'s shares have traded to a five-year low, below $14, so guess what? There's talk that Microsoft could revive its bid, albeit at a lower price.
Some of the speculation is being attributed to a research note put out by American Technology Research Wednesday in which analyst Rob Sanderson slashed his financial estimates and price target for Yahoo! and speculates that Microsoft "may try again."
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