Going Like Sixty — February 1, 2008 — Pop Culture
References: money.cnn
Remember when Google bought YouTube and the joke was GooTube? Now Microsoft is trying to buy Yahoo. So is that Microhoo, or YaSoft? It's not a friendly deal, Microsoft made a $44.6 billion bid on the company. Yahoo jumped by 50% at the start of trading while the Google and Microsoft stocks fell.
Steve Ballmer, Microsoft's chief executive said it would be the "next major milestone," adding, "We are very, very confident this is the right path for Microsoft and for Yahoo."
Microsoft wants the deal to close by the end of the year. Should be interesting.
Steve Ballmer, Microsoft's chief executive said it would be the "next major milestone," adding, "We are very, very confident this is the right path for Microsoft and for Yahoo."
Microsoft wants the deal to close by the end of the year. Should be interesting.
Trend Themes
1. Acquisition of Yahoo by Microsoft - Opportunity for Microsoft to expand its digital services and compete with Google in the search engine and online advertising markets.
2. Market Reaction to Microsoft's Bid for Yahoo - Opportunity for investors to capitalize on the fluctuating stock prices of Microsoft and Google.
3. Consolidation and Competition in the Tech Industry - Opportunity for tech companies to strategically position themselves to compete with the emerging powerhouse formed by the acquisition of Yahoo by Microsoft.
Industry Implications
1. Technology - Opportunity for technology companies to enhance their digital services and expand their market presence.
2. Internet Advertising - Opportunity for online advertising companies to reposition themselves in the market and target a larger user base after the potential acquisition of Yahoo by Microsoft.
3. Investment and Finance - Opportunity for investors to track the market activity and make informed decisions based on the fluctuating stock prices resulting from Microsoft's bid for Yahoo.
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