Yahoo shares drop, WSJ reports no deal with Microsoft

NEW YORK Thu Jun 12, 2008 3:08pm EDT

Microsoft runs across a news ticker above a Yahoo sign in New York City May 19, 2008. REUTERS/Joshua Lott

Microsoft runs across a news ticker above a Yahoo sign in New York City May 19, 2008.

Credit: Reuters/Joshua Lott

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NEW YORK (Reuters) - Shares of Yahoo dropped more than 8 percent on Thursday after the Wall Street Journal reported that negotiations between the Internet media company and Microsoft Corp ended without reaching a deal.

Yahoo shares fell 8.2 percent to $24 on the Nasdaq.

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