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 $2.91 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 today by the market, All of that plus everything Yahoo lost went to Microsoft. Yahoo got Binged, to the tune of $2.9 Billion. Oops.
Our complete coverage of the deal is here.