“Sounds good,” writes CNBC’s Jim Goldman in his blog. “Yahoo, or at least a chunk of it, is back in play. But the next paragraph, not buried deep in the story, but the VERY next sentence, says, "Microsoft has held discussions with Time Warner Inc. and News Corp., among others, say some people involved in the discussions. These people say the talks are unlikely to result in a deal."
Nobody that Goldman has spoken with will confirm that there’s any kind of deal of any sort.
And I’m not seeing any options action in any of these names to suggest a deal anytime soon, adds Jon Najarian on CNBC’s “Closing Bell.”
“I think people are missing the punchline here, says Piper Jaffrey analyst Gene Munster on Fast Money. “Microsoft wants Yahoo and at the end of the day I think that’s going to happen. We believe by the end of this year you’ll see Microsoft and Yahoo come together…. at around $28 - $31/share.”
And not just for search. “They have to buy the whole thing,” adds Munster. This is a true platform. Yahoo! is number one in display and number two in search. We think all this talk about breaking up Yahoo is absurd.”
In case you couldn’t guess Munster recommends Yahoo! stock as a buy. “Ignore the noise and own Yahoo!” he concludes.
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Trader disclosure: On July 2, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (ITNC), (MSFT), (NUE); Finerman Owns (GS); Finerman's Firm Owns (SUN), (TSO), (VLO), (MSFT), (PM); Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns (GE) And (GE) Puts; Finerman's Firm Is Short (XME) And Owns (XME) Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Najarian Owns (AAPL), (CHK), (HPQ), (TSO), (XLF); Najarian Owns (MER) Puts; Najarian Owns (SLB) Calls, (WM) Calls, (YHOO) Calls, (ZRAN) Calls ;Seymour Owns (AAPL), (F), (MER), (MSFT), (TSO); Seygem Asset Management Owns (EEM), (TTM)
Piper Jaffray Received Non-Investment Banking Securities-Related Compensation From (MCHX) In Past 12 Months; Piper Jaffray Received Non-Investment Banking Securities-Related Compensation From (SOHU) In Past 12 Months; Piper Jaffray Is A Market Maker In (AAPL), (ADBE), (ADSK), (BIDU), (CHKP), (CNET), (GOOG), (MCHX), (MFE), (MOVE), (SINA), (SOHU), (SYMC), (VRSN), (YHOO)