Two days ago rumours were swirling about a possible Microsoft takeover of Yahoo and at mid-afternoon yesterday, a bid was put into place by Microsoft. A hostile takeover bid at $31 per share, a premium over Yahoo's actual stock price. This is the largest takeover bid made by a technology company by far with the HP-Compaq deal coming in far second.
Microsoft first recognized that the software business was going to be more lucrative than the computer making(HP) business and now they realize that the internet is going to be even more huge. More and more people are looking to store files on the internet rather than their hard drive as well as complete tasks over the internet such as Google Docs and Spreadsheets.
Yahoo says the deal will take time to review but if it does get accepted, then the US anti trust laws won't stop it. This could mean many things, all of which I'm not sure of. One things for certain though, the search engine landscape will definitely change, hopefully for the better. My only question is, what will happen to both Yahoo.com and Live.com. Will one go defunct and just merge together? Will names change? That will all be found out later.
Yahoo says the deal will take time to review but if it does get accepted, then the US anti trust laws won't stop it. This could mean many things, all of which I'm not sure of. One things for certain though, the search engine landscape will definitely change, hopefully for the better. My only question is, what will happen to both Yahoo.com and Live.com. Will one go defunct and just merge together? Will names change? That will all be found out later.