“As Yahoo Inc. prepares to report first-quarter earnings next week, CEO Marissa Mayer is riding a wave of investor enthusiasm following signs of business improvement, a string of small acquisitions and reports of partnership talks with Apple Inc.,” Benjamin Pimentel reports for MarketWatch.
“In fact, that investor enthusiasm has propelled Yahoo’s YHOO +1.76% shares to a level not seen since a blown merger battle with Microsoft Corp. sparked a massive selloff that has taken the stock nearly five years to recover from,” Pimentel reports. “Yahoo shares were trading up 1.8% at $24.25 by early Wednesday afternoon. That was after The Wall Street Journal and Bloomberg both reported that Mayer was in talks with Eddie Cue of Apple Inc. over a possible expanded role for Yahoo’s services and apps on Apple’s iPhone and iPad devices.”
(photo by Brigitte Lacombe)
Read more in the full article here.
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