Microsoft acquires Yahoo?

It’s finally happened…Microsoft has made a bid for Yahoo. It’s a potential smart move on Microsoft’s part, with a really good bid that will make shareholders think. There may be some anti-trust issues as this effectively merges the #2 & #3 company in the search engine market and gives Microsoft a run on Google’s dominance in this space. It’s also puts Facebook into the Yahoo camp… I’m interested to see how this unfolds. I know people from both sides of the coin, and I think that the cultural differences will be hard to overcome. Also, it is often quoted that 70% of acquisitions fail to create value for shareholders – nearly 2-1 in odds – will this be any different?