The New York Post has done it again. Its report on Thursday that Microsoft is once more contemplating a potential acquisition of Yahoo! has set the industry on fire with rumors, views, and counterviews. Here we bring you a round-up of what's being said and written...

Let's start with the Post itself. Back in May of 2007, reporters Peter Lauria and Zachary Kuowe reported that "Microsoft has intensified its pursuit of a deal with Yahoo!, asking the company to re-enter formal negotiations."

Estimating the price tag of such an acquisition at about $50BN, the Post's analysis was as follows:

"As it stands now, a deal between Microsoft and Yahoo! would up the combined companies' share of the all-important search advertising market to 27 percent against Google's 65 percent. It would also narrow the gap in overall online ads with Google to just 13 percent."

"More importantly, a deal would create what one source described as "the dominant force on the Internet" in terms of eyeballs. That's an important consideration as more and more content flows online - as the equations goes, eyeballs equal advertising.

Microsoft and Yahoo! also feature complimentary offerings on the content side, with MSN drawing an older audience with its news focus. By contrast, Yahoo! attracts a younger demographic with its entertainment coverage.

Aside from cost savings, a deal would also create opportunities to use Yahoo! content on Microsoft devices, such as making music exclusively provided to Yahoo! Music available on Microsoft's Xbox game console and Zune music player."