Microsoft Makes Bid for Yahoo

B

blackchip

Microsoft Corp. Friday offered to buy Yahoo Inc. for $44.6
billion, a move designed to pick up a struggling rival as both companies are fighting in the online-advertising world with Google Inc.

The offer, $31 a share in cash and stock, is a 62% premium to Thursday's closing price. Yahoo shares jumped to $29.45 in premarket trading. Microsoft closed at $32.60 and dipped to $32 premarket.

wsj
 
this is an opportunity to get long MSFT on this dip. I think the MSFT/YHOO is a great combo, its been in talks for years and today it finally became true. I think GOOGLE sells off even further, this news is not good for Google.....



YHOO should take the buyout and run, yahoo has tried to hard to compete with google and seems they cannot do it alone, I think MSFT/YHOO would be a great acquisition....
 
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