Yahoo shares surge on takeover reports
Yahoo shares surged on Wall Street on Tuesday as takeover reports swirled around the Internet giant.
Yahoo! had earlier postponed its annual meeting to 3 July, seeking time to consider Microsoft's proposal for a takeover, which it snubbed for undervaluing the companythat led to the software giant abandoning its enhanced $33-a-share bid earlier on 3 May, before making a new proposal on 18 May for a partial acquisition - of its search business.