Yahoo: Needham Upgrades, Goldman Suspends Rating, Credit Suisse Drops Coverage; Everyone Waits On A Deal
Some interesting tidbits from the Street today on the latest events in Microsoft’s (MSFT) revived interest in Yahoo (YHOO).
To review: Microsoft over the weekend said it talking to Yahoo about a deal, but not an acquisition. The WSJ said it would involve outsourcing search; there were rumors that MSFT would buy Yahoo’s search business, and Facebook as well. Yahoo says it is open to a deal; Facebook declined comment, but hinted that it liked being independent.
The Street is happy to see something brewing, but there isn’t a lot of agreement beyond that. Here’s a roundup of some of today’s commentary…