Redmond, WN. Microsoft has pulled out of the race to purchase TheSpoof.com, the news-like-it-should-be web site, after bidding five hundred million dollars to grab the marginal Internet upstart.
Steve Balmer, important person at MS, made a brief press announcement, "We would love to have another serious news provider to add to the MSN arsenal but the battle is too rich for us".
It is rumored that MS has also entered negotiations with Conan O'Brian for the anchor at MSN News, which is likely to gobble up a lot of MS cash.
The bidding battle rages on as both bidders have upped the ante for TheSpoof.com with Yahoo in the lead with a bid of $800M.
Google, who throws money at TheSpoof.com anyway, is likely to come back with a one billion dollar bid today. Many reputable Wall Street sharks expect the bidding war to continue and top out just over one billion dollars.
It remains to be seen what all of this means for BBC News who has a steak in the outcome that may leave the venerable British icon barbecued.