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#1 (permalink) |
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The Dev Hunter
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Technology king Microsoft Corp. (MSFT) bid 44.6 billion dollars in cash and stock to acquire Yahoo (YHOO) today. Microsoft???s chief executive Steve Ballmer said that they have a great respect for Yahoo and along with MSN, they could offer an increasingly exciting mix in the search engine world. Yahoo was not available for comment but I???m sure that we will be hearing quite a bit from the media scene in the next couple of days.Yahoo shares rose 56% to 29.65 in premarket trading on Friday following the announcement of the potential Yahoo sale. U.S. Stock futures also jumped after hearing the news.
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#3 (permalink) |
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Field Master
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This is a fantastic news. Microsoft + Yahoo Vs Google - I am going to love this competition. Afterall I hate monopoly. lol. :D
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#4 (permalink) |
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Field Master
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Saw this on BloomBerg this morning.
I wonder whats gonna happen.
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#10 (permalink) |
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Field Master
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I don't want to get off topic, but GOOG stock dropped 50 dollars, and YHOO jumped up 9.
I can't wait to see whats going to happen tomorrow.:):)
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#11 (permalink) |
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The Dev Hunter
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Well I think that Goog might have a chance at this yet because now Yahoo is saying that the stock at 32 bucks is under valued and they are going to re-visit talks that they had a few months ago with Goog to possibly form a business alliance!
This will get more interesting yet!!! |
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#14 (permalink) |
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Sharp Shooter
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they are still living in the spirit of bill gates, and also if they can't join it, they have to buy it.
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#16 (permalink) |
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Field Master
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UPDATE: Yahoo has declined Microsofts offer... They want more money haha
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#17 (permalink) |
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Field Master
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yes Yahoo board Declined Microsoft's Offer
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#18 (permalink) |
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Field Master
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Just for an update for everyone, MSN had a meeting tonight to decide on Yahoo!
"Faced with the same options it has been facing for some time, Microsoft's board apparently just couldn't choose one of the options. The Wall Street Journal reported late Wednesday that Microsoft's directors failed to decide on a next step for the software maker amid Yahoo's unwillingness to negotiate a deal. The software maker is said to be weighing whether to go directly to Yahoo shareholders and at what price, whether to just nominate its own slate of directors, or whether to walk away from its bid. Citing sources close to the matter, the Journal said an announcement is expected "later in the week.""
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