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Yahoo shares fall as Microsoft drops bid

Shares in Yahoo Inc fell more than 17 per cent in Frankfurt after Microsoft Corp walked away from its bid for the Internet company.

business Updated: May 05, 2008 17:09 IST

Shares in Yahoo Inc fell more than 17 per cent in Frankfurt on Monday after Microsoft Corp walked away from its bid for the Internet company.

Yahoo shares were down 17.2 per cent in Frankfurt at 14.98 euros ($23.17) at 0747 GMT.

Yahoo faces growing pressure to find an alternative strategy to Microsoft's $47.5 billion takeover offer.