"Microsoft Corp., the world's biggest software maker, made an unsolicited $44.6 billion offer for Yahoo! Inc. to challenge Google Inc.'s dominance in Internet search services and advertising."
Well, at least Microsoft will have to spend some of their ill-gotten money: "Microsoft is under massive pressure to expand its Internet business to fend off competition from rivals such as Google and this deal shows how desperate they are"' said Thomas Radinger, a fund manager at Pioneer Investments in Munich, which oversees about $95 billion, including Microsoft shares. "It's a huge gamble as the price is very steep and it will take years to successfully integrate such a massive acquisition."
"Yahoo's inability to crack Google's dominance in search has led to eight straight quarters of declining profit and a stock that's lost half its value in the past two years."
Rico is laughing up his virtual sleeve. But if only they'd waited another year, Yahoo might've been cheap...
01 February 2008
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