Update: Friday, May 2, at 1:57 p.m. PDT
Yahoo closed the day with a sizable 6.92 percent gain to finish up at $28.67 per share. And in after-hours trading, it continued its ride, gaining an additional 1.12 percent to reach $28.99 a share.
Reports Friday that Yahoo and Microsoft finally entered into serious merger talks gave the Internet search pioneer a huge lift in its share price.
Microsoft, meanwhile, wasn't as lucky--falling 0.54 percent to $29.24 a share. The software giant dipped even further by 0.24 percent in after-hours trading. … Read more