Microsoft attacks: going after Google not Yahoo
The BIG news that wee hours about Microsofts (NASDAQ: MSFT) offer to buy Yahoo Inc. (NASDAQ: YHOO) for $44.6 billion has been thoroughly covered all by the media including many posts on our site, so I will not pile on or repeat what you can find elsewhere.
Short and sweet: My view is the perfect timing of the offer, not the offer itself, is the news. Microsoft has been rumored to be chasing Yahoo for fairly some day and apparently from the substantial offer it made nowadays (60% by yesterdays closing price) money has not been the issue. Obviously Steve Balmer and friends are willing to pay up —
The timing of the offer hits Google Inc. (NASDAQ: GOOG) when they are down - way down! Google has lost a third of its value by the final month and it has lost its momentum going forward. The stock is down considerably nowadays even though the company reported solid growth. That is a meaningful change in the playing field. Balmer, a very aggressive businessman has decided to manufacture his move now, potentially stealing the momentum on Wall Street.
Continue reading Microsoft attacks: going after Google not Yahoo
Original post by Sheldon Liber
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