Microsoft Makes Bid for Yahoo

Microsoft Makes Bid for Yahoo

www.msnbc.msn.com

REDMOND, Wash. - Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.’s dominance of the lucrative online search and advertising markets.

The surprise offer of $31 per share, made late Thursday and announced Friday, comes with Sunnyvale-based Yahoo in a vulnerable position.

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Although I have been seeing this coming for quite some time, I doubt this can do any good in the search engine world. Instead of us having 3 competitors to really improve the way we search, now we will only have 2 major competitors.

www.msnbc.msn.com
(visit the link for the full news article)

I just sold my Yahoo. YAHOOO! I thought I was gonna get stuck with that turkey! I'm sure it will be handled a little crisper from here on out. I do not like the way the "big media" markets are shaping up... and then there were 5.

Vic

[edit on 1-2-2008 by V Kaminski]