Google in talks to acquire Panama; Egypt may follow
Sources confirmed that Google has entered early stage talks to acquire the country of Panama. The move, seen as a logical extension from web traffic to sea traffic, would place Google in a unique strategic position within the business community. According to insiders, the move would position Google ads on "every square inch" of sea cargo passing through the Panama Canal.
Anti-Social Networking conference fails to draw crowds; deemed a success
The third annual Anti-Social Networking conference in Baltimore drew around half the attendees of last year. "Attendance was well down in all areas" confirmed a conference organizer, speaking under anonymity, "We're deeming this a great success". Organizers hope to hold next year's event in an un-announced location to drive down foot traffic even further.
Egypt blocks takeover bid
President Hosni Mubarak of Egypt effectively put an end to takeover rumors in a speech to the nation Wednesday. "Our canal is not for sale", stated Mubarak, before cheering crowds in Cairo, "Eric Schmidt and Jerry Yang can kiss my ass."
Microsoft offers $5B to acquire Ballard Locks
In what most analysts see as a direct response to Google's recent moves, Microsoft confirmed Thursday its offer to acquire the Ballard Locks in Seattle for $5B. The locks, a strategic transit point in the Lake Washington Ship Canal, provide safe passage for thousands of boats and up to half a million salmon each year. Despite the lofty price, Steve Ballmer claimed the deal would be "good for Microsoft and good for the region".
Google seeks antitrust scrutiny over Microsoft deal
Google confirmed Friday that it has launched an antitrust complaint against Microsoft's plans to acquire Ballard Locks. "With this deal Microsoft will be capturing an unusual percentage of sea traffic in a strategically important geographic location. The burden is on them to demonstrate how they will open up the waterway to other forms of transportation, such as submarine vehicles and hovercraft." said a Google spokesperson.