It’s rare that I post tech news on this blog but I think this deserves it. Yes its true, only a few hours ago, Microsoft just made an unsolicited bid to acquire all of Yahoo’s outstanding shares at $31, pricing Yahoo at $44.6 Billion. NY Times reported this so it can’t be a hoax. TechCrunch even shared the letter of Steve Ballmer to Yahoo! Now with all this hype circulating, I’m not sure how Jerry Yang will react.

I for one love Yahoo! products, not particularly its search engine, but I think it did some great web 2.0 acquisitions like delicous and flickr. So I think it is a good move by Microsoft, and probably a good idea for Yahoo! to take the offer as well since they have been lagging behind Google as well as recent news of Yahoo! laying off a thousand employees.

This is not the first shocker Microsoft pulls on us, remember last years deal with Facebook? Valuating Facebook at $15 Billion, which I personally think was ridiculous.

I guess we’ll just have to wait and see what will happen next and how this might affect our daily web lives as well as our ‘office’ life.

Posted in Seen, Tech |

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