MicrosoftGoogleFacebook Pile-up

The excellent and exhaustive piece in the Wall Street Journal spends a lotta time focusing on the travails of Microsoft’s media and advertising operations. Should this, by chance, point you towards the conclusion that Microsoft will win this bidding war … well, stop your extrapolatin’ right there. Because in December of 2005 execs at Microsoft were dead convinced that they would be the ones to win a 5% stake in AOL.

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