Sunday, May 06, 2007

Microsoft Buying Over Yahoo?

Rumours in the stock market has stated that Microsoft is already eyeing Yahoo as a major coup that could involve as much as US$50 billion. Details have not been revealed by both Microsoft or Yahoo. A mega merger may not happen but some business matching could materialise to strengthen their respective market share.

Upon such rumours, Yahoo shares surged $2.80, or 9.9 percent, to $30.98 on Friday, while shares of Microsoft fell 41 cents to $30.56.

In order to catch up with Googles' business, this latest merger of technology giants will really put other smaller competitors out in the cold. To arrest such situation from happening, the USA Department of Justice's Antitrust Division may not approve such mega merger.

Reading: Reports: Microsoft pursuing Yahoo - Associated Press
Reading: Yahoo shares rise on reports of Microsoft interest - Reuters
Tags: Microsoft, Yahoo, Googles, Merger, Department of Justice, Antitrust

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