Definitely one of the biggest news I have seen in my career. Microsoft today proposed to acquire Yahoo! for $31 per share. That puts the value of Yahoo! at approximately $44.6 billion.

Financials apart, this will have a BIG effect on the search and online advertising landscape. Combined together, it will become a bigger and meaner rival to Google, and we can definitely see exciting things happening in the search and online advertising space. One thing is for sure. Exciting things ahead in the online advertising front. I guess it is time I try out some ad's myself and see for myself if they are worth $44.6 billion.

Also two of the biggest email platforms Hotmail and Yahoo Mail will be combining if this acquisition goes ahead. Flickr will also fall into Microsoft's lap. I am sure there are going to be lots of rampifications to this. More than I can think of. Do let us know if you can think of any significant change this will bring to the industry.