It looks like we were not that off with MSN to Buy Yahoo!

Microsoft comes out swinging

When Microsoft lost its yearlong battle to replace Google as the provider of advertisements on Time Warner Inc.’s AOL Search last month, one analyst described the defeat as “the death knell” for MSN, Microsoft’s Internet service.

Within days, speculation was rampant that Microsoft, determined to keep itself in the game, had offered to buy Yahoo Inc. for $80 billion. If rumors were to be believed, the Microsoft bid — a premium of more than 30% over the Web giant’s current market value — was rejected by Yahoo as too low.

MSN to Buy Yahoo