Microsoft bids $44.6-billion for Yahoo
 

Article is here. Just thought you'd like to know.

Talk about waking up to bad news.

:(

M$ out bid me by $44,599,999,000 bit I was going to throw in a Tim Horton's gift card and a few yummy beaver tails to sweeten the deal!

I think it makes business sense for the two companies with the U.S likely in recession. Yahoo is apparently in trouble and M$ Live has never really taken off. The premium is 62% over the Yahoo close. At that price it will be hard for the Yahoo Board of Directors to say no.

I was just watching the Bloomberg on that..
On one hand, I am happy because one of my few funds owns an assload (almost as big as mine) of Yahoo! stock.
On the other hand I really HATE that so many companies are being incorporated into these mega companies, like MS, Fox, etc.

Already owning an assload of Yahoo stock would be the only good thing I could think of too. Especially when I saw it was already trading at a nice premium this morning.

Not only hard for the board to pass on, but makes it hard for anyone else who might have been thinking of making a pass at Yahoo to jump into the middle now. At least not anyone without enough money to push back hard on a 62% over bid.

I agree, Doc, it's like everyone is trying to clone that perfect cow.
Eventually it'll all wind up tasting the same.


.

I really don't want my Flickr account to be owned by M... Sad news...

ExxonMobil reported a profit in 2007 of more than that.

Pretty much a dead deal already due to "lack of interest by Yahoo."