Microsoft Corp. made an unsolicited $44.6 billion cash and stock bid for Yahoo on Friday, a deal that could shake up the competitive and lucrative market for Internet search. The deal would pay Yahoo shareholders $31 a share, which represents a 62% premium from where Yahoo stock closed on Thursday.
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I for one, am in favor of competition, Microsoft is ruthless and would add capital to the Yahoo search effort and Google needs a serious-minded competitor. Google is the same "benevolent" search dictator that skews U.S. poitical searches and aids the Chinese Communist government's oppression of their people by blocking searches that might inform the oppressed Chinese people's quest for liberty.
I hope this goes through. Google dominates the search engine market, and Yahoo has been losing its share. If the deal goes through, the smart folks at Microsoft will present real competition to Google. Should Yahoo start to steal some of Google's share of the market, it could open the door for people to start using other search engines as well. If a spark could start in everyone's brain that there are other search engines beside Google, the fall of Google would at least be possible. They have almost a monopoly on the search engine market, which isn't good for anyone. It's hard to rank in Google. If some of the smaller players could grab a share, smaller companies (like most of us) might have a better chance to show up in the search engines.
I've been without internet for a few days - AG broker the news to me first. Thanks for the tip Benn!
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[...] credit: tumbleweed Earlier this week, Microsoft placed a bid for Yahoo totaling nearly a bajillion dollars (well, $44.6 billion to be precise). This possible merger [...]