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Microsoft Buying Facebook? Not Likely.
By Joseph Hunkins at May 19, 2008 0 CommentsAlthough big deals are always under consideration by the big players I think the latest rumor that Microsoft will be buying up Facebook soon is false. If you read John Furrier’s carefully worded post - the only source of this rumor - all John has done is confirm what is already known about Microsoft and Yahoo meeting regarding an alternative plan to a full takeover.
Carl Icahn is in the process of effectively handing Yahoo over to Microsoft right now and Yahoo’s frantic negotiations with Microsoft are likely a result of fending off a proxy battle that would take Yahoo’s current board, including CEO and founder Jerry Yang, out of the game. Based on their behavior so far this appears to be a fate worse than losing a few billion in Yahoo’s short term valuation.
Disclosure: Long on Yahoo
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