Reader Poll: Does Microsoft Need Yahoo!
Yahoo'sshares tumbled as much as 20 percent after Microsoft withdrew its $47.5 billion takeover offer, wiping about $7.6 billion off the Internet company's market capitalization and piling pressure on its leadership.
Microsoft shares rose 2.6 percent on relief that it was not willing to overpay for Yahoo, while Google Google rose 2.2 percent.
"The terminated Microsoft/Yahoo negotiations eliminate the risk for now of a stronger online advertising competitor to Google," Stifel Nicolaus analysts George Askew and Scott Devitt wrote in a research note.
And that leads to our Fast Money Reader Poll. Does Microsoft need Yahoo! to compete in on-line search?
> Yahoo Under the Gun After Microsoft Deal Collapses
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