After a week of battles and negotiations, Internet giants Google, Inc and Yahoo Inc intensified their bidding war over the popular website TheSpoof.com this afternoon.
Google started the bidding war last week when it made a $300 buyout offer to TheSpoof.com's owner, editor and sole proprietor Mark Lowton. Lowton was considering the offer when Yahoo made its own offer of $350. This week the bidding has skyrocketed to $2.3 billion.
"I may have accepted the $300", Lowton said. "But if they are going to offer me billions I won't turn it down".
Marks former partner and brother Paul was chagrined to learn of the bidding war. "I sold out my share of the stock to Mark last year for $25", Paul stated. "If I had stayed in I would be purchasing homes all over the world and maybe spending a week aboard the International Space Station. Now I have to keep my job at the grocery".
Google seems to be the likely winner of the bidding war as they are also trying to buy Yahoo.
"We own every kind of site on the web except a satire site", said Google CEO Eric Schmidt. "So even if Yahoo wins the bid we will buy Yahoo and still be the winners. One way or another the site will be ours!!!"