The current consensus opinion conveys a sense of fait accompli, even though rumors abound of other companies like News Corp., hedge funds and private equity firms and hedge funds trying to jump into the bidding.
And there are several good posts like this one by Tim O'Reilly on what Yahoo!'s email assets bring strategically to Microsoft.
But what strikes me the most about this bid so far is how Microsoft has chosen to value to important Internet companies, one new and one old. While it values an emerging internet icon Facebook at $15 billion on October 24, 2007, it then goes on to value an Internet icon like Yahoo! at $45 billion past week.
Admittedly the first valuation is in the public markets while the second is in the far more forgiving private markets. But it's also interesting to note that Yahoo!'s close on October 24th, 2007 was $30.68, not too far away from Microsoft's current $31 bid.
But as an active investor in both markets, the two valuations do give a moment of pause.
Which valuation is potentially a steal?
DISCLOSURE: I'm a long-time shareholder in Microsoft, and Yahoo!