Song of The Day: What’d I Say - Artist: Ray Charles
So how could one blog today in tech and not mention the unsolicited offer to buy Yahoo! for $44.6B from Microsoft.
Quote from the WSJ Online:
Microsoft offered to buy Yahoo for $44.6 billion in a cash and share deal, a move designed to help both companies compete against industry leader Google. Yahoo said it will “evaluate this proposal carefully and promptly.” Yahoo shares soared 50% in premarket trading, while Google shares were down 8%.
I really don’t see this happening, and if it does for some lottery chance, or working for one reason alone: culture. Two completely different approaches to, well, everything.
I’ll leave it at that. I would expect other bids from Google and maybe Time Warner before this comes to a conclusion.