Microsoft Bids For Yahoo

Microsoft has made a $44B bid for Yahoo!, which has been struggling of late and is set to lay off over 1000 employees.

Microsoft said the booming online advertising market "is increasingly dominated by one player" -- a reference to Google -- and suggested that with Yahoo under its wing it could better compete in the bonanza.

Online advertising sales will double from 40 billion dollars in 2007 "to nearly 80 billion in 2010," it forecast. Yahoo would offer Microsoft a search engine to compete with Google, a popular web portal for email, shopping and news, as well as one of the most recognized brands among online users. Microsoft said a combination of the companies would lead to cost savings of 1.0 billion dollars per year.

Garsh, I hope this helps Microsoft finally make some money. Seriously though, just about anything that further pushes the wealth of Bill Gates, the single greatest philanthropist in the history of mankind, is more than fine by me.