Todays fairly hefty news is confirmation of rumours that Microsoft wants to buy Yahoo.

Can't say it's the biggest surprise in the world, Yahoo was formerly the internet's favourite showpiece but in recent years has taken a good beating from Google, and Microsoft has been royally annoyed by Google expanding it's services into email and desktop software - pretty much monopolised by MS to this point.

We'll have to see what happens - my guess is given the valuation, timing and stalemate of Yahoo's current position, it'll be an offer they can't refuse.