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To: Rutgers who wrote (275)	2/1/2008 8:49:46 AM
From: Rutgers	Read Replies (1) of 285

MSFT launces hostile bid for Yahoo! - posting this news here because I believe this could be an inflection point/ sea change in market direction/valuation. This is monumental news and I could see the M&A activity significantly increasing. A little reminiscient of the Oracle offer during last recession, but this one is much bigger in my view. Microsoft Offers $44.6B for Yahoo. "Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance of the lucrative online search and advertising markets." "To underscore its resolve, Microsoft is offering a 62 percent premium to Yahoo's closing stock price Thursday." Yesterday, Yahoo! closed at $19.18/share. The offer is $31/share. So, this is a huge premium. biz.yahoo.com We'll see how this plays out, but with my 401k deeply long right now, I like it.

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