The market has decided pretty seriously on this one. Microsoft has lost over $20 billion in market cap on an up day in the market, since offering $46 billion for Yahoo this morning.
Yahoo is getting a smoking deal.
This Steve Ballmer is a train out of control. Wealth destroyer. He must have picture of Bill Gates doing some crazy shit at Comdex.
He should have been fired about $100 billion ago.
I have looked really hard at Yahoo as it kept going down but they had no catalyst. A bet on a buyout from a putz like Ballmer is not a catalyst. He must have stood over at yahoo HQ just barking, snorting and sweating on people till they succumbed. Truly, he should have offered $16 and offered to help spin shit off. There is no way other bidders could have been frothing this up.
What do I know though? I am just writing about it wishing I had a bazillion February $20 calls on Yahoo. Somebody did, and they sure kept it quiet based on the stock price of late. Kudo’s to recent Yahoo buyers. You were rewarded for a bad bet in a bad market.
Now that I am on the line with my take, let’s see how wrong I am :) .