Microsoft bids $44.6 billions for Yahoo
February 02, 08 by Mr.Q
The biggest news of the days is the news that Microsoft offered to buy Yahoo for about $44.6 billions in cash and stocks. Yahoo stocks soared almost 50% on the news, pushing it to its highest levels in months. If the deal goes through, Google will have a time keep up with the two giants. Of course, we are still waiting to see if Google will try to outbid Microsoft or not. A deal with Microsoft would be a great outcome for Yahoo shareholders, who have grown increasingly frustrated with Yahoo’s stock performance, according CNBC via (RBC Capital Markets analyst Jordan Rohan). He expects Yahoo founders and insiders to support the deal.
Of all the mergers/takeovers talks over Yahoo, including NewsCorp (FoxNews, MySpace), Microsoft’s proposal seems the be the most promising. If this will indeed happen, Google might enjoy a brief moment of peace while Microsoft and Yahoo work out the operation details. Since two companies share lots of similar services, the merger will have a huge impact on the brandings, with many services ending up in the deadpool, not to mention the likelyhood of massive staff layoffs/downsizings.