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Microsoft-Yahoo Story Doesn't Add Up

We'd like to thanks the Times of London, old chaps, for giving us something to write about in what's bound to be a slow time leading up to the holidays.

Some Times reporter said this week that Microsoft is going to pay $20 billion to buy Yahoo's search business -- a claim quickly refuted in the gosh-darn American Wall Street Journal (well, in one of its blogs, anyway), by a couple of investors who were supposed to be involved in the deal. All the relevant links, plus a nifty news story, are here on RCPmag.com.

So, yeah...$20 billion for part of a company that had a market cap of $16 billion on Monday before the market got hammered again? Not likely, we're thinking. Will Microsoft make a(nother) play for Yahoo's search business, or for all of Yahoo? Hey, anything could happen -- but we're thinking that the WSJ has probably trumped the Times this time. And we're happy that this story is something that vaguely resembles news in December.

Posted by Lee Pender on December 02, 2008


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