After a bit of a hiatus from Paul-Tech, it’s good to be back.
The computer industry got quite a shock today with an announcement that Microsoft has made an unsolicited bid to acquire Yahoo! for $44.6 billion dollars. On a share-to-share basis, the deal means Microsoft will be paying $32 dollars for each Yahoo! share, or 62% over yesterday’s closing price. Apparently this deal stems from competition with Google, which has left both MSN and Yahoo! search engines derelict. The merger won’t even give them a majority in the realm of Internet search traffic, as Google’s lead over MS and Yahoo! search traffic is more than the two combined. The deal, while very attractive, especially to Yahoo! shareholders, still has to be OKed by American and European authorities.
Here’s to hoping that Flickr stays intact.