Friday, February 1, 2008

Microsoft buys Yahoo!

Yahoo shareholders should go for this, since Yahoo doesn't seem capable of coming up with a sustainable business model, for example they had a ten year lead with their purchase of broadcast.com and geocities then let those properties languish and were passed up by recent startups such as YouTube, mySpace, and FaceBook.

Microsoft, on the other hand, might be overpaying somewhat; it would have been interesting to see an initial bid in the mid-20's.

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