LOS ANGELES (Reuters) - Talks between Microsoft Corp. (NasdaqGS:MSFT - News) and Yahoo Inc. (NasdaqGS:YHOO - News) are no longer active, the Wall Street Journal reported on Friday, citing people familiar with the situation.
The report comes after two newspaper articles, including the Journal, said the two companies were in talks for Microsoft to buy Yahoo.
Yahoo shares rose nearly 10 percent on the original report, while Microsoft shares fell more than 1 percent.
The report comes after two newspaper articles, including the Journal, said the two companies were in talks for Microsoft to buy Yahoo.
Yahoo shares rose nearly 10 percent on the original report, while Microsoft shares fell more than 1 percent.
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