Microsoft wants Yahoo

Microsoft makes $44.6 billion bid for Yahoo
Microsoft said Friday that it is making an unsolicited offer of $31 a share, or $44.6 billion, to buy Yahoo in a move that would give the software giant more market share and become a significant threat to Google.
http://blogs.zdnet.com/BTL/?p=7848&tag=nl.e589

The stock markets first reaction:

Microsoft drops
http://finance.google.com/finance?q=microsoft

Google drops
http://finance.google.com/finance?q=google

Yahoo jumps up
http://finance.google.com/finance?q=yahoo