Market speculates Microsoft may make a bid for eBay
Shares rise 5.5%
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Published: Wednesday, September 27, 2006
Shares of eBay Inc. were up more than 5% yesterday amid market speculation that part or all of the e-commerce leader would be bought, or that the company was doing some buying of its own. Seven Summits Strategic Investments in a brief note yesterday attributed the share rise to a Wall Street rumour Microsoft Corp., with a market value of around US$266-billion, wants to buy eBay, which is valued at about US$37-billion. Microsoft was not immediately available for comment and eBay spokesman Hani Durzy told Reuters his company does not comment on rumours and speculation. The rise also comes a day after Goldman Sachs analyst Anthony Noto lifted his third-quarter revenue estimate to US$1.445-billion from US$1.436-billion. Shares of eBay (EBAY/NASDAQ) closed up US$1.45, or 5.53%, to US$27.67 yesterday.

National Post 2006

Best fill yer boots with the little wrigglers then ;)

Or, in Tadpole's case, Martini's bin bag ;-)

QXL needs a few silly rumours. It seems to have little other chance of getting anywhere.