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Heard this little tidbit on the way to work today. At a price of $31 per share, for a total of approximately $44.6 Billion, Microsoft is looking to buy Yahoo.
I wonder how my friend, Venkatesh Tatineni, will take the news, as long as they don't switch over to .Net anytime soon -- he should be okay with it -- I think.
Microsoft is hoping on the fact that Yahoo will double in value within the next 3 years. They believe that the two companies will be able to pull out better R&D, media, and better advertisers.
Hope Steve Ballmer knows what he is doing.
Source: http://www.microsoft.com/presspass/press/2008/feb08/02-01CorpNewsPR.mspx?rss_fdn=Press%20Releases
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