Yahoo! (NASDAQ:YHOO) shares fall way off, following its 10-Q surprise, which suggests that Chief Executive Marissa Mayer would rather spend Alibaba proceeds to purchase companies instead of Yahoo shares. Nicholas Carlson believe that such a decision was a necessity, as the company has troubles from rivals, and also a talent deficit. The analyst thinks that the highly valued Yelp (NYSE:YELP), which Meyer wanted Google (NASDAQ:GOOG) to acquire during her tenure there, and also Pinterest, Quora, and Vimeo could be on Yahoo’s shopping list. Meanwhile, Bank of America downgraded the latter to Hold.
Shares of the chip IP company MIPS Tevchnologies, Inc. (NASDAQ:MIPS) move up, subsequent to the cancellation of its plans to present at an upcoming conference, which ignited a new round of buyout chatter. AMD could be a potential suitor, but that isn’t so likely now, due to Advanced Micro Devices, Inc. (NYSE:AMD)’s selloff. In the meantime, MIPS is said to have recruited Goldman to help it facilitate a sale.
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