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Friday, February 1, 2008

Microsoft (MSFT) Makes Bid for Yahoo (YHOO) - I Got it Half Correct

Posted by Mark at 10:05 AM TweetThis
Today's news probably explains the strange weakness in Microsoft (MSFT) shares after a stellar earnings report. I half way predicted this move in my 13 Outlier 2008 Predictions.

In a sick twist of fate Yahoo emerges as the best performer in the space as News Corp comes in with a buyout as the stock trades listlessly again in 2008.

I tried to be to cute and find someone other than Microsoft as a logical candidate, but seeing today just how huge Yahoo's market cap still is (>$40B on this offer), the # of potential suitors is very limited. Too big for News Corp but I thought perhaps a Myspace.com / Yahoo marriage would be nirvana. Years upon years of splits in the late 90s/00 have created way more shares than I assumed, and hence even at $20 Yahoo is a huge market cap company.

So I'll give myself a 50% on this one.

No positions

Posted by Mark at 10:05 AM

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