Holy Yahoo Batman!
So I start my car today and tune into the Bloomberg channel on Sirius radio.
What I heard almost made me crash my car into a row of tree’s…
Yahoo is being bought out by Microsoft!
Not only that, but MSFT is buying YHOO for way over their share price! In the after hours YHOO is up 50%. And the Dow futures are up 150 on the news.
What it must be like to be as dirt rich as MSFT. Even when crap is expensive, they can still buy it out.
Now, the big question: What does this buyout do to Google?
As I ponder the deep running implications of this, i’ll let you know…
Categories: Short Term Timing, Stocks Tags: msft microsoft, siri sirius, yhoo yahoo