Microsoft Offers To Purchase Yahoo
January 31st, 2008 by Ed Lau |
I thought someone was joking when I first heard this but then I saw it pop up on some legitimate news outlets.
Seriously? Wow, this might go down as one of the bigger deals of our time if Yahoo accepts the $44.6 billion dollar offer Microsoft put in to purchase the search engine giant, which has been reporting decreased profits for some time, probably due to the fierce competition with Google. Stock prices have fallen 46% since reaching $34.08 in October. Jerry Yang announced earlier this week plans to lay off 1,000 members of the Yahoo staff in order to restructure the company.
Apparently, according to BBC, this deal has been talked about for awhile now but nothing has seriously happened til now. It’ll be interesting to see how this affects…well, the rest of the freakin’ world.
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Apparently stocks in Yahoo! have been skyrocketing as a result of the potential Microsoft purchase.
I’d imagine so, but somehow I don’t think that Microsoft is going to be the knight in shining armor atop a white horse for Yahoo.
oh ye have little faith . . .
In other news, Google is taking a beating due to falling short on their advertising revenues so they are taking money out of their publishers pockets
Hmm I wonder why Microsoft wants to acquire Yahoo?