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On Fri, 1 Feb 2008, Mike Miller wrote:
Microsoft Offers to Buy Yahoo for $44.6 Billion
NEW YORK, Feb 1 (Reuters) - Microsoft Corp. said on Friday that it had
offered to acquire Yahoo Inc. in a proposed cash and stock deal valued
at $44.6 billion.
So what's up with this? Bill Gates is leaving. They are trying to
compete with Google. They are not an innovative company. Yahoo gets a
lot of advertising revenue, apparently, but I think they only have about
$1 billion per annum in earnings. Microsoft needs talent and they need to
new ideas and ways to impress us. Buying Yahoo might help them, but the
price seems awfully high to me, and what will really matter is what they
do with it once they have it. I think they are doomed, but that's just my
guess. ;-)
Mike
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