Google Giving Yahoo More Leverage
The proposed Microsoft buyout of Yahoo continues to develop more twists and turns. Now it appears Google's strong revenue earnings could help Yahoo prove that there is still life in online advertising revenue. This of course strengthens their position that Microsoft is undervaluing them.
"This signals that the online advertising market is still healthy, which should help Yahoo get a better price for its company," said Peter Dunay, chief investment strategist at Meridian Equity Partners.
