HipMojo.com http://watchmojo.com/web/blog Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&A, Financing, VCs Sun, 22 Nov 2009 13:53:08 +0000 http://wordpress.org/?v=2.1.3 en MSFT’s Brilliant Chess Move http://watchmojo.com/web/blog/index.php/2008/06/27/msfts-brilliant-chess-move/ http://watchmojo.com/web/blog/index.php/2008/06/27/msfts-brilliant-chess-move/#comments Fri, 27 Jun 2008 18:14:14 +0000 Ashkan Karbasfrooshan M&AManagementMicrosoftPowersetSearch WarsYahoo! http://watchmojo.com/web/blog/index.php/2008/06/27/msfts-brilliant-chess-move/ In shelling out $100M for Powerset, MSFT basically weakens YHOO’s leverage and value.  It’s not a coincidence that YHOO is now flirting with $20/share.

I know YHOO’s main value is in traffic and audience, not search technology.  But the market is not so discerning, to it, it views MSFT ramping up its search know-how as reducing their appetite for YHOO’s IT in search.

YHOO is now at $20.75, about a buck over where it was trading on January 31, 2008, before MSFT launched its unsolicited $31 bid.

Can’t believe it’s been 5 months since that.

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