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Microsoft made a $45 billion bid for Yahoo. At $31 a share, this is 60% higher than Yahoo's value right before the offer was made. Microsoft made the offer privately, but only gave Yahoo two days to think about it before going public, according to Kara Swisher's blog.

Others may be interested in Yahoo as well - one or more giant private equity firms have been ogling Yahoo for a while now, according to Alley Insider. One candidate is Quadrangle Partners. Other ideas include NewsCorp giving Yahoo MySpace in exchange for a quarter of its stock.

PaidContent thinks Microsoft will carry the day - they agree that 60% is an attractive premium, and that Yahoo and Microsoft could both save a ton of money through "synergies" (aka layoffs of newly redundant employees).

The big news from the spectrum auction is that somebody met the $4.6 billion minimum bid. There were several other blocks of spectrum for sale, with total bids passing the $18 billion mark by Friday, according to RCR Wireless News.

Amazon is buying Audible for $300 million. Amazon is turning into a major seller of digital media - it sells unrestricted digital music from all four of the major labels, and it sells movies and TV episodes through its Unbox service. With the launch of its Kindle reader, it's selling electronic editions of over ninety thousand books. Now that Amazon's in the media hardware business with the Kindle, why not buy TiVo? Amazon already delivers the movies and TV episodes that it sells through the TiVo. And TiVo's only worth about three times what Amazon paid for Audible. And it's a much bigger brand, in a much, much bigger market. If this happens, you heard it here first!

TiVo just won a big appeal in a patent case against Dish Network, which says that Dish Network's DVR's infringe on TiVo's patents.

Forty ships in Alexandria dropped their anchors during a storm last week - the result? The loss of two thirds of the Internet traffic between the Middle East and Europe.