Will Microsoft Buy Yahoo!?
Hummm… that would be something wouldn’t it?
“Microsoft Corp. has stepped up its pursuit of a deal to buy Yahoo Inc., two newspapers reported on Friday, as the two companies reenter talks to strike a deal amid huge growth from rival Google Inc. Yahoo shares jumped 14.6 percent to $32.20 in electronic trading on Friday, while Microsoft shares fell 1.4 percent to $30.53. The two companies have held informal deal talks over the years. But the latest approach comes as Microsoft seeks to ink a deal in the wake of Google’s expansion. ‘It’s been talked about for a long time, ever since Google came into the picture. I can’t imagine a more perfect deal,’ said Peter Lobravico, vice president of risk arbitrage sales/trading at brokerage Wall Street Access. ‘You can’t find a stronger buyer than Microsoft and while it would spur a lot of political and regulatory noise, everyone knows in the end that the deal would go through.'”