Microsoft wants to buy Yahoo, blogs Huffington Post’s Henry Blodget—there’s no other way to interpret comments made by a honcho Thursday that the Bill Gates brand plans to up its online search market share from its current 10% to 30%. Do the math, says Blodget: Acquiring Yahoo’s 19% share would “instantly” put Microsoft at about 30% (Google boasts 67%).
Despite effort to expand in recent years, PC World reports, Microsoft’s online division has largely failed—and now loses $1 billion annually. Rumors circulated earlier this year about a Yahoo buy, but were squelched by another big purchase. But investors are buying Blodget’s buzz, as Yahoo stocks gained 6% Friday.