Breaking: Yahoo Stock Jumps 9% on Renewed Microsoft Rumors

After all the talks yesterday about Yahoo’s ridiculous valuation, I have just noticed an incredibly interesting thing: Yahoo stock jumped all of a sudden by 9% to $12.76 as of writing this. It is absolutely understandable that Google Finance users are at a loss and can hardly understand what is the reason for someone to start buying Yahoo at such a rate. The immediate guess is that there are unconfirmed rumors of a new acquisition offer from Microsoft to arrive. I will try to find additional details and update this post once they are available.

UPDATE: MarketWatch has the details and the enthusiasm is really about Microsoft again. At the Gartner ITXpo earlier today Steve Ballmer has said that acquisition of Yahoo would still “make sense economically”. What’s more, Microsoft CEO sees sense for shareholders of both companies. And since there must be nothing Yahoo shareholders could be more depressed about than the once declined acquisition offer at $33 per share as compared to yesterday’s closing at $11.75, it is no wonder they are more than happy about today’s news and traders are eagerly buying Yahoo. The most intriguing part is that Ballmer even thinks that Yahoo is still worth what the software giant initially offered to pay for the company.

So the intrigue is here again and the entire blogosphere will now have a new reason to talk about Microsoft-Yahoo deal again. We’ll be now waiting for a reaction from Yahoo, obviously.

UPDATE 2: Chances are tomorrow we will see Yahoo stock falling back again as later Microsoft issued an official statement that the corporation has no interest in acquiring Yahoo despite of Steve Ballmer’s earlier statement. It looks very much like Microsoft is really determined to continue influencing Yahoo stock price with the acquisition talks whenever the software giant feels like the market is getting too boring.