Friday, May 04, 2007

Microsoft to buy Yahoo

The New York Post reports that Microsoft is urgently trying to buy Yahoo in part because it lost the opportunity to buy DoubleClick.

"They're getting tired of being left at the altar," said one banking source who has recently had talks with Microsoft. "They now seem more willing to extend themselves via a transaction to get into the game."

Wall Street sources put a roughly $50 billion price tag on Yahoo!

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