Sunday, May 6th 2007
Microsoft in talks to buy Yahoo!
After losing out to Google in a bidding war to buy online advertising company DoubleClick, Microsoft could be about to acquire Yahoo!, a site best known for its search capabilities. The deal is being reported to be worth as much as $50 billion, and would allow Microsoft a stronger market position to compete with Google in the growing business of online searching. Earlier this week Yahoo! announced that it would be buying a further 80% share in advertising firm Right Media for a sum of $680 million, leaving it in full control of the company, a move which probably increased Microsoft's interest in such a deal. Yahoo!'s shares rose to $32.25 from $28.18 after news of this merger, which could change the face of online searching over the coming years - and may have a significant impact on free online email services considering that Microsoft is in control of MSN Hotmail.
Source:
Forbes.com
10 Comments on Microsoft in talks to buy Yahoo!
Guess there are quite a lot of jobs like that though, just messes up the bank holiday weekend a bit.
Edit: I should really stay on topic a little more often!
i think these ain't good news :/
They'll soon buy us too :p :roll:
Yahoo mail > gmail
Yahoo news > google
yahoo shop > froogle
yahoo + MS = a fighting chance to stop the google beast.
That would have knocked Gates WAYYY down from the wealth list.