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Microsoft to Buy Yahoo: Blogger

Posted Nov 18, 07 1:24 PM CST in Technology,  Business 

(Newser) – 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.

Source PC World

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Microsoft Corp. Chief Executive Officer Steve Ballmer, speaks during Tech.Ed, a technology conference at the Great Hall of the People in Beijing, China, Wednesday, Nov. 7, 2007. The Chinese characters...   (Associated Press)
Bill Gates, Microsoft CEO, addresses the National Society of Black Engineers on the Microsoft Campus, in Redmond, Wash., on Friday, Nov. 16, 2007. (AP Photo/Kevin P. Casey)   (Associated Press)
Yahoo Chief Executive Jerry Yang testifies on Capitol Hill in Washington, Tuesday, Nov. 6, 2007, before the House Foreign Affairs Committee. (AP Photo/Dennis Cook)   (Associated Press)
Yahoo! workers walk out of Yahoo! offices in Santa Clara, Calif., Monday, Oct. 15, 2007. Yahoo Inc. is expected to release quarterly earnings on Tuesday, Oct. 16, 2007. (AP Photo/Paul Sakuma)   (Associated Press)
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