On Tue, 12 Feb 2008 16:47:54 +0000, Roy Schestowitz wrote:
> Erik's claim is indeed very bizarre. Is he out of this world? If someone quits
> MSFT, why buy YHOO, which Microsoft wants to grab? Just commission going to
> waste...
Microsoft's buyout bid was something like 1.5x the current asking price of
Yahoo stock. If you sold $100 worth of MS stock and bought $100 worth of
Yahoo stock, then when MS bought it, they'd convert that $100 in yahoo to
$150 in Microsoft, making a 33% profit.
Is that so difficult to understand?
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