February 1, 2008
$44.6 Billion for Yahoo, Says Microsoft
In an attempt to slow Google's fierce roll, Microsoft made an unsolicited bid to purchase Yahoo Inc. for a cool $44.6 billion today. Gulp. Microsoft CEO Steve Ballmer says that his company has "great respect for Yahoo, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market."
Although Yahoo would like to remain independent, recent layoffs and slow growth will probably make the Sunnyvale company cave in to Microsoft's siren song. But the news, in the end, is good: according to Valleywag, "Yahoo share prices closed at $19.12 yesterday, but have already increased to $29.45 in premarket trading."
More to come.
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wahhh... I was JUST looking at the stock price of Yahoo a couple days ago and wondering whether to pull the trigger on a buy.
coulda shoula woulda
did anyone short goog at 743?
that would be more impressive!
coulda shoula woulda
did anyone short goog at 743?
that would be more impressive!
Great headline in The Onion the other day:
Laid-off Yahoo Employee Uses GoogleMaps To Find Exit