Yahoo stock sizzles, then fizzles, on Microsoft buyout reports

4:30 pm ET May 4, 2007

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Yahoo stock sizzles, then fizzles, on Microsoft buyout reports

NEW YORK
Shares of Yahoo Inc. surged Friday on reports it was in talks about a
possible combination with Microsoft, but gave up nearly half the gains
late in the day after a new report said the talks were no longer
ongoing.

Market Snapshot: U.S. stocks rise, gain on the week, amid merger-mania

NEW YORK
U.S. stocks rose slightly Friday, sending the Dow Jones Industrial
Average to record highs and locking in solid weekly gains, after a weak
April jobs report was offset by merger reports, including one that
Microsoft Corp. was in talks to buy Yahoo Inc., and news that Reuters
Group Plc has been approached by a potential buyer.