By Sell Puts
If anyone of you follow me on the boards know i have been talking about a msft yhoo merger for about 2 weeks know. Today my soothsaying has been confirmed. The unsolicited takeover offer of $44.6 billion values yhoo's shares at 31$. Msft finally has the upper hand in the battle for online search and ad revenue. GOOG is probably pretty annoyed at the offer as msft beat them to the punch when they saw red on the streets after yhoo's earnings.
Drumbeat: June 2, 2012
4 hours ago
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