Microsoft-Yahoo Story Doesn't Add Up
We'd like to thanks the
Times of London, old chaps, for giving us something
to write about in what's bound to be a slow time leading up to the holidays.
Some Times reporter said this week that Microsoft is going to pay $20
billion to buy Yahoo's search business -- a claim quickly refuted in the gosh-darn
American Wall Street Journal (well, in one of its blogs, anyway), by
a couple of investors who were supposed to be involved in the deal. All the
relevant links, plus a nifty news story, are here
on RCPmag.com.
So, yeah...$20 billion for part of a company that had a market cap of $16 billion
on Monday before the market got hammered again? Not likely, we're thinking.
Will Microsoft make a(nother) play for Yahoo's search business, or for all of
Yahoo? Hey, anything could happen -- but we're thinking that the WSJ
has probably trumped the Times this time. And we're happy that this story
is something that vaguely resembles news in December.
Posted by Lee Pender on 12/02/2008 at 1:22 PM