By Benn Rosales on February 1, 2008
Microsoft Bids for Yahoo- How About ‘Yahsoft’
I like it, we’ve heard rumors for over a year, and it’s finally here…
Microsoft Corp. made an unsolicited $44.6 billion cash and stock bid for Yahoo on Friday, a deal that could shake up the competitive and lucrative market for Internet search. The deal would pay Yahoo shareholders $31 a share, which represents a 62% premium from where Yahoo stock closed on Thursday.
Source: CnnMoney
Posted in Real Estate
Founder of Agent Genius Magazine, national real estate opinion site. Benn's focus has always been improving the consumer experience by working to improve the real estate industry, so needless to say he's not scared of controversy, standing out or making an impact. He dreams of a life where sleep isn't physically necessary and a Starbucks barista makes house calls in order to focus more on helping you and your startup to capture and build on the moment.
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I’ve been without internet for a few days – AG broker the news to me first. Thanks for the tip Benn!
I hope this goes through. Google dominates the search engine market, and Yahoo has been losing its share. If the deal goes through, the smart folks at Microsoft will present real competition to Google. Should Yahoo start to steal some of Google’s share of the market, it could open the door for people to start using other search engines as well. If a spark could start in everyone’s brain that there are other search engines beside Google, the fall of Google would at least be possible. They have almost a monopoly on the search engine market, which isn’t good for anyone. It’s hard to rank in Google. If some of the smaller players could grab a share, smaller companies (like most of us) might have a better chance to show up in the search engines.
I for one, am in favor of competition, Microsoft is ruthless and would add capital to the Yahoo search effort and Google needs a serious-minded competitor. Google is the same “benevolent” search dictator that skews U.S. poitical searches and aids the Chinese Communist government’s oppression of their people by blocking searches that might inform the oppressed Chinese people’s quest for liberty.