Remember when Google bought YouTube and the joke was GooTube? Now Microsoft is trying to buy Yahoo. So is that Microhoo, or YaSoft? It's not a friendly deal, Microsoft made a $44.6 billion bid on the company. Yahoo jumped by 50% at the start of trading while the Google and Microsoft stocks fell.
Steve Ballmer, Microsoft's chief executive said it would be the "next major milestone," adding, "We are very, very confident this is the right path for Microsoft and for Yahoo."
Microsoft wants the deal to close by the end of the year. Should be interesting.
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