Microsoft buyout rumours resurface, send Yahoo stock rising
A blogger is making dormant rumours that Microsoft is looking to buy Yahoo active again after a Microsoft executive outlined plans this week for the company to improve its online search market share from about 10% to 30%.
Former Wall Street analyst Henry Blodget, who writes for the popular liberal blog The Huffington Post, posited Friday that there is no way Microsoft could achieve this goal on its own, so an acquisition may be in the works. His comments come after Microsoft President of Platforms and Services Kevin Johnson outlined the company's online search goal at a UBS investor conference in Seattle on Thursday.
In his blog posting, Blodget said Microsoft is no closer to succeeding online than it was when it began 12 years ago, and noted that the company's online division is still losing about US$1 billion a year.
