Man, it's a dog eat dog world out there! The latest scoop is that Microsoft is buying Yahoo! According to the grapevine,
Microsoft has offered Yahoo shareholders a 62% premium on their shares to sell the company. Yahoo's latest disappointing earnings announcement helped to depress the stock price, making it a renewed target for a takeover.If ever Yahoo will accept the $44.6 billion bid, Microsoft could boost its online presence dramatically. According to estimates, online advertising will grow to an $80 billion industry by 2010. If they can get Yahoo, the world's heaviest trafficked website, they can definitely pull in a huge advertising revenue. Microsoft CEO Steve Ballmer said in a statement --
"We have 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."
Labels: techie stuff