Microsoft made a hostile takeover offer for Yahoo of $44.6 billion to boost its presence in the online services market. How should you trade it?
Billionaire entrepreneur Mark Cuban tells CNBC that he thinks it’s a brilliant move by Microsoft. “Basically it lets them dominate all non-search and social networking on the web. Also it backs Google into a search-only corner.”
I think Microsoft waited and bided their time in a smart way before making this offer, adds Jeff Macke on CNBC’s “Closing Bell.” It seems like Yahoo!is out of better options and I think the best move would be to reluctantly say yes. I don't expect them to get a better offer.
The trade coming out of this is to buy Microsoft , Macke counsels.