This weekend, WWE behemoth Brock Lesnar stepped into the octagon for his UFC debut. He was defeated by former UFC heavyweight champion Frank Mir, who inspite being repeatedly pounded by the much stronger former WWE superstar, managed to lock in a kneebar and submitted Lesnar. In an even bigger upset Eli Manning leads the NY Giants to victory against an undefeated New England Patriots to capture the Superbowl 42 crown, in a heart stopping 17 - 14 game. Much of the internet however was watching another batch of giants and behemoths in a different kind of struggle.
It started out very early Saturday morning, (Friday EST) Microsoft made a bid for Yahoo to the tune of $44.6 billion dollars! The unsolicited bid, which would consist of cash and Microsoft stock, valued Yahoo at $31 a share, a 62% premium on Thursday’s closing price. As expected, Yahoo has not agreed to Microsoft’s proposal. Yet. Michael Arrington boldly states that for the most part, it’s really just a matter of time.
But the fact is, a perfect storm of factors is going to lead to a Microsoft takeover of Yahoo in the very near future, perhaps without any price increase over the original offer. The debt crisis means raising meaningful amounts of debt to leverage the transaction is impossible (the largest debt financed transactions in the recent past were in the $4 billion range, not nearly enough to do this deal). And Yahoo continues to spiral downward financially, making potential buyers leery of buying a dog. The fact is, the deal makes sense for Microsoft. It may not make sense for anyone else.
Hi! Welcome to Blog Soup! My name is Peter Juan, better known around the web as Adam Mordo, co-founder and part owner of the moderately infamous Man Blog.
While most of my writing there and on my personal blog would best be described as internet dickery, I do in fact have a somber, less ridiculous side. I just haven't let it out much. No. I honestly do not know why.
Truth be told, I take blogging quite seriously. In fact, I'm the product manager of I.PH blogs. Which is awesome because I actually love what I do for a living.
Blog Soup is where I throw in all sorts of stuff about blogs and the blogosphere, simmered with my own opinion, and sprinkled with a dash of absurdity, to cook up an informative and entertaining read. Soups on!
