Brilliant strategic move by Microsoft today – offering a price for Yahoo that is both well above the market clearing price and done out in the open. Microsoft’s Letter to Yahoo is great. It coincides with Terry Semel leaving the Yahoo board, which is a small irony.
In other news, Microsoft is now the rumored buyer of the 432-acre Sun (Storagetek) campus just outside of Boulder. And apparently the bloom is finally coming off of the Google rose.
I love this industry. It is so endlessly entertaining. I don’t have to watch the E! Channel or read People Magazine anymore to get my daily dose of drama.