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Kerotan said:

I see they offered close to $50 BILLION a few years ago to buy yahoo.  But their offer was turned down. Yahoo was recently sold for almost $5 BILLION.  

 

So I ask,  if Microsoft bought them for $50BN would yahoo's value have dramatically dropped and it would have been a terrible deal,  or would Microsoft have kept yahoo as a top player in the game?

 

Did Microsoft unintentionally dodge a bullet? 

It's not so much Microsoft dodged a bullet, the tech world and its users dodged a bullet.  Let's put it like this: Hotmail was up and coming.  Microsoft bought out Hotmail.  Where's Hotmail now?  See my point, and I think Yahoo saw that as well.