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Talk about a nerve-wracking couple of days for Yahoo investors, especially the ones who flooded into the issue on Friday on word that Microsoft was increasing its offer to $33 a share.
Shares in China's leading e-commerce firm Alibaba.com slid 6 percent on Monday after Microsoft dropped a bid for Yahoo, Alibaba's key investor.
A source close to Yahoo disputes Microsoft's claims that the internet search company was aloof in its negotiations following Microsoft's unsolicitied bid, and says Microsoft's own timeline shows an active negotiation process, whether Microsoft liked it or not.
Now that Microsoft has withdrawn it's bid, the pressure is on Yahoo to prove it can revive its languishing stock price.
With Microsoft now walking away from its unsolicited bid for Yahoo, new details are emerging as to just how bizarre these negotiations -- or lack thereof -- have been since Microsoft first made the deal public three months ago.
For now, it seems Microsoft CEO Steve Ballmer has kept his passionate side in check in choosing to walk away from ahostile Yahoo offer.
A flurry of last-minute talks between the heads of the companies preceded Microsoft's decision to end its bid for Yahoo.
A chronology of events leading to Microsoft's decision to abandon its offer for Web search and advertising competitor Yahoo:
"We continue to believe that our proposed acquisition made sense for Microsoft, Yahoo! and the market as a whole," said Microsoft CEO Steve Ballmer.
The following is the letter sent by Microsoft CEO Steve Ballmer to Yahoo CEO Jerry Yang
Microsoft, hoping to salvage a takeover of Yahoo, has reluctantly agreed to boost its offer to about $33 a share in cash and stock from $31, though Yahoo is holding out for $37, sources have told CNBC.
Google unveils eclectic mix of designs by prominent artists
Microsoft Chief Executive Steve Ballmer said on Thursday that walking away from a deal with Yahoo remained one of "three big options" the company is weighing and to expect an announcement shortly.
Sure, Yahoo can do an ad deal with Google, but it still doesn't eclipse the offer from Microsoft.
A reprieve of sorts for Yahoo! today with widespread reports that an apparent decision on Microsoft's next step in its unsolicited bid for the online leader was supposed to come at 4 pm EDT.
In a wide-ranging interview, Google CEO Eric Schmidt discusses Google's growth, the US slowdown, the possibility of a Microsoft acquisition of Yahoo!, online advertising growth rates, and Google's stock.
Time Warner plans to split off its cable services division to lift its sluggish stock price as it also reported quarterly earnings Wednesday that fell just short of Wall Street's expectations.
Shares of Yahoo recovered from a Tuesday morning drop as investors speculated that Microsoft will launch a proxy fight for the Web search and advertising giant on Wednesday, CNBC has learned.
If you're an art lover and are looking for an alternative to stocks or real estate, investing in art might be the way to go. But where do you find all the investing information you need? A new Web site called MutualArt.com can help. Moti Shniberg, CEO of Mutual Art explains.
IBM said Tuesday it raised its quarterly cash dividend by 25 percent to 50 cents per share, lifting its payout to shareholders for the 13th year in a row.