Yahoo Got Binged By Microsoft

POSTED BY Patrick ON July 30, 2009 / 0 COMMENTS

Yesterday I was wondering who got the better deal and according to Techcrunch, you need only look at the stock movements of Yahoo and Microsoft. Yahoo dipped 12.08% to $15.14, knocking $2.91 billion off their market cap. Microsoft gained 1.41% to $23.80, adding…$2.94 billion to their market cap.

So net/net about $30 million in new value was created yesterday by the market, All of that plus everything Yahoo lost went to Microsoft. Yahoo got Binged, to the tune of $2.9 Billion. Oops.