Yahoo Stock Drops on Reports of Low Bids

May 21, 2016 12:27 AM

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Yahoo Stock Drops on Reports of Low Bids

While some figured that Yahoo could get as much as $10 billion for its core business, bids from about a dozen suitors are as little as $2 billion.

It was a good day for tech stocks Friday, with the Nasdaq up 57 points, but Yahoo didn't participate in the rally, after reports surfaced that bids for all or parts of the pioneering Internet company came in lower than expected.

Also read: Markets Right Now: S&P 500, Dow industrials eke out gains

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