Things Getting Ugly

It's been a busy week in the world of TechWatch. First we bid adieu to a blogger, who at the age of 108, was the world's oldest. Second, Apple's iPhone 3G sold 1 million units in it's first weekend, a feat which took its predecessor 74 days to achieve. And in another blow to physical media, Netflix has announced that they will stream videos over the XBox 360.

But the real news is what's been happening with Yahoo and Microsoft. Wow, is this one getting ugly. Microsoft and Icahn made another attempt to buy Yahoo's search engine, only to be quickly rebuffed. Instead, Yahoo said they'd be willing to sell the company outright for $33 per share, the same exact figure that Microsoft had offered ten weeks ago and had been rejected as seriously undervaluing the company.

So what's changed in the past ten weeks? Well, the upcoming shareholder's meeting in just over two weeks for one, which sees the current board of directors as well as Jerry Yang in serious jeopardy of losing their jobs for botching the Microsoft negotiations months ago. We have said before that we seriously doubted that there'd be an independent Yahoo when 2008 is over, and we still stand by that.