Well well well, looks like the Microsoft and Yahoo acquisition is more interesting than the forex market these days. If you haven’t been following what has been going on in this corporate drama, read my entire post of that here; “Shame on you, Microsoft“.
Well, if you thought that was exciting enough, listen to what happened this week. As if the entire season of The Sopranos can be summarized into one episode, that cannot be this exciting. Hehe, perhaps a bit exaggerating, but just read on what happened this week.
Thanks to the folks at cNet for this lovely diagram. I cannot have narrated this any further.
So, in narration, after the three week deadline that Microsoft had given Yahoo! to agree to its takeover bid(with no room for negotiation whatsoever). Yahoo! decided to try some of its search results with Google.
Google of course is Yahoo!’s biggest competitor and much more of a rival for Microsoft.
Microsoft therefore sensing its cards being played back on itself, it went to ask for help from News Corp, to put pressure as well as increase its bid to acquire Yahoo! Oh, and News Corp own’s MySpace by the way, so that can also be thrown into the equation.
And on Yahoo’s end, it might be looking at buying over AOL in exchange for a large investment into the entire conglomerate from AOL’s parent company, Time Warner.
Well, are you in a bit of daze of what is going on and how it will all shape up if this merger or any part of this bit deals were indeed to go through? Well you are not alone, i am just as confused, pulling my hair out!
Lets keep watching, this is getting rather interesting. At the last trade price, Yahoo’s shares closed at a price of $28.34, a 0.21% price rise.
Take care & God bless,
Seeni
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