Microsoft To Buy Yahoo?

“NEW YORK — U.S. stock futures rose on Friday, boosted by takeover news, including a report Microsoft is intensifying its pursuit of a deal to buy Yahoo Inc. and before April jobs data. The U.S. payrolls report, due at 8:30 a.m (1230 GMT), will be scrutinized for further clues about the outlook for interest rates. It is forecast to show employers created 100,000 jobs in April, compared with 180,000 in March.

Yahoo’s shares rose 17.7 percent to $33.20 in electronic trading after the New York Post reported Microsoft, the world’s biggest software company, has asked the Web media company to return to formal talks. Microsoft shares fell 1.4 percent to $30.53.”



%d bloggers like this: