The news is everywhere this morning about Microsoft's $44.6B offer to buy Yahoo. The offer represents $31 a share, a 62% premium over Thursday's closing price; and Yahoo's stock price has been rising in after-hours trading. Microsoft has been making overtures to Yahoo since 2006, according to the CNet article, including a buyout offer last February that was rebuffed. Mediapost.com has some perspective on the deal from the point of view of ads and eyeballs. Such an acquisition, which would be Microsoft's largest by far — it bought Aquantive last year for $6 billion — would need approval by US and EU authorities. A European Commission spokesman declined to comment.

Alec T asks: "Seeing how E3 is fast approaching, I was wondering where Slashdot readers go for their E3 fix? Gamespot, IGN and 1UP all provide free low quality streams and downloads, however we are reduced to having to pay to access high quality trailers and press conference screenings. Why is this? Is there a site out there which caters to our high definition needs? If bandwidth is such a concern, maybe BitTorrent would be the best distribution method, particularly for the console press conferences?"