More M & A Activity Slated?
With the proposed takeover of Yahoo (NASDAQ: YHOO) by Microsoft (NYSE: MSFT) announced last Friday, market observers are already suggesting that this might usher in a new wave of merger and acquisition activity in 2008. Microsoft’s offer for Yahoo, approximately $45 billion, is expected to strengthen software giant Microsoft’s attempt to compete with the number one search engine on the internet, Google (NASDAQ: GOOG). Market observers point out that Yahoo, with slowing earnings growth and a stock price that has slumped to a near four-year low, was primed for takeover, or at the very least needed the boost from…