As the Google (GOOG) ad deal is likely to be scrapped, I am looking for the eventual sale of Yahoo! (YHOO) to Microsoft (MSFT) at around $19-$22 per share, compared to previous offer in the low thirites. Call option activity is heating up for November in Yahoo around $15-$16 area plus Carl Icahn has stated previously on CNBC's Fast Money show that some type of deal will get done with MSFT. Icahn will likely discuss when he appears on CNBC's Fast Money on Monday 11/3 - IMO, YHOO is an up $7 down $2 trade at this point - could combine with AOL first, then have MSFT buy both to better compete with Google (GOOG) on the web.
$12.8901 (10/31/08)
