Apparently all the Microsoft & Yahoo equity analysts got the same memo. There all sorts of reports coming out this morning laden with probabilities of the MSFT/YHOO deal being completed. We have BofA at 55%, and Susquehanna at 75%, and others in-between.
Hmmm, someone should a build a betting book. Oh wait, they have. It’s the stock market — which says Yahoo gets acquired, but the spread to Microsoft’s stock is widening, implying more cash and less MSFT stock.