February 14, 2008
Yahoo! and News Corp. Getting Squishy?
The Yahoo!/Microsoft soap opera continues. In our last episode, Yahoo! had turned down Microsoft's offer of $44.6 billion offer to buy the company. Yahoo!'s stock rose and Microsoft's fell, affecting the real value of the deal. Google swooped in to see if it could help out it's ailing little brother against the unwanted advances by Microsoft, but lost interest shortly thereafter, no doubt distracted by the bushels of cash it was generating through search advertising. In the meantime, Rupert Murdoch said News Corp. had no interest in buying Yahoo!, but later said that maybe swapping swapping the MySpace, American Idol, and a few other web properties and cash for, say, oh 20% of Yahoo! might make some sense. We're still waiting to see if Yahoo! says to News Corp., "make me the happiest search company alive," or if Microsoft continues to send more aggressive mash notes to the Yahoo! Board of Directors and stockholders. Tune in again when we'll find out how Yahoo! deals with the choice between the arranged marriage and love at almost first sight. Cue the organ music.
Catch up on more dirt in Ars Technica.
February 14, 2008 | Permalink
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