Strike One
I recently read about the Microsoft bidding to buy out Yahoo. This deal would have been a great for Yahoo. The company like many other search engines has been left in the dust by Googles dominance on the scene.
But yesterday the board of Yahoo turned down the offer made to them. The 31 dollars a share offered was just not enough to tempt fate. The current report is that Yahoo will not budge until they get an offer of at least 40 dollars a share.
Even with the overhaul in the top of the food chain, Yahoo still lags behind Google. Google now holds commanding 75% of paid search. The notion is that it is an investment in opening the market a bit.
It makes me nervous to think of Microsoft to own a piece of the Internet pie. I cringe to think of it. They can't even debug their own software. How much better is Yahoo going to get?
Any thoughts?
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