Cramer on BloggingStocks: Microsoft’s Yahoo! bid’s a game-changer
Posted by: in Stocks Money NewsFiled under: Deals, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), Market matters, New York Times’A’ (NYT), IAC/InterActiveCorp (IACI), Corning Inc (GLW), EMC Corp (EMC), Cramer on BloggingStocks, Technology
TheStreet.com’s Jim Cramer says Microsoft’s $31-per-share offer will wake up the Web sector.
Oh, doctor! Just when you thought there was no reason to own tech whatsoever, when everything was slowing and awful, Microsoft (NASDAQ: MSFT) (Cramer’s Take) decides to change the game and become the biggest online player there is.
This is huge. It is a giant liquidity event and a reminder that there is value, that there is a floor in a tech group that has gone from bad to worse this year, from totally unownable to ridiculously unownable.
Until now.
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