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2:40 PM ET, April 1, 2008

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 Top Items: 
InfoWorld:
Microsoft, Yahoo agree on buyout price  —  After much internal debate and industry speculation, Yahoo today agreed to be acquired by Microsoft, adding $2.6 billion to Redmond's original offer of $44.6 billion on Jan. 31.  —  The agreement was reached near midnight last night …
RELATED:
Jonathan Skillings / CNET News.com:
All the April Fools' news that's fit to print  —  The word of the day is “prank.”  Unless maybe you're one of the ones who got taken in hook, line, and sinker, in which case it's “doh!”  —  If you haven't already noticed, today is April Fools' Day, but you probably have, since most pranksters seem to get an early start.
Discussion: TechCrunch and FaceReviews
Matthew Karnitschnig / Wall Street Journal:
Microsoft Unlikely to Raise Yahoo Offer  —  Microsoft Corp. is preparing to lay a long siege.  —  Two months after Microsoft made its $44.6 billion offer to acquire Yahoo Inc., the software maker has no plans to raise its bid, people close to the company say.
RELATED:
Kara Swisher / BoomTown:
More on MicroHoo: Irritated Investors!  Angry Arbs!  Zen Microsoft?  —  So, I was making the rounds again of my sources at Yahoo's major institutional investors yesterday and here's the overall 411: Frustration.  Confusion.  Impatience.  —  And the bottom line from several of them-if Yahoo does …
Erick Schonfeld / TechCrunch:   Microsoft Stands Firm On Yahoo Offer: “There Is No Reason To Bid Against Ourselves.”
Ina Fried / Beyond Binary:
Microsoft-Yahoo pace slows to a crawl
Discussion: CNET News.com
Philip Elmer-DeWitt / Apple 2.0:
Analyst: Apple's U.S. consumer market share now 21 percent  —  The iPhone gets the most press and the iPod sells in the largest quantities, but it's the Macintosh that really drives Apple's growth, says Gene Munster.  —  In the second installment of a multipart report on Apple's …
RELATED:
Loren Baker / Search Engine Journal:   April Fools Day Spam Invades Google
Microsoft:
Microsoft Unveils Smartphone Advancements to Improve Ability to Work and Play With One Phone  —  Company demonstrates new version of Internet Explorer Mobile with desktop-grade Web browsing, introduces updated Windows Mobile operating system.  —  Windows Mobile is improving smartphones …
RELATED:
John Biggs / CrunchGear:
Sprint Instinct: Could this thing beat the iPhone?  —  When I first saw the Instinct a few weeks ago I said “Finally.”  Finally, someone, somewhere, has created an interface and a device that follows the spirit and ease-of-use of the iPhone without resorting to wholesale mimicry.
Paul Boutin / Valleywag:
YouTube kills rickrolling once and for all  —  April 1, 2008: The day a meme died.  Go to YouTube.  Click on any of the Featured Videos entries.  Every one of them redirects to the same Rick Astley clip.  The gag is called “rickrolling,” a variant of duckrolling.
Discussion: theory.isthereason
RELATED:
Caroline McCarthy / Webware.com:
‘Smart URL shortener’ Urlrurl rolls into beta  —  UPDATE: Gossip blog Valleywag decided to out this for what it is—an April Fool's joke.  Oh, well, it would've been funny to see people pick up on it.  —  With the rise of “microblogging” services like Twitter that limit the number of characters in a post …
Discussion: Somewhat Frank and Download Squad
RELATED:
Owen Thomas / Valleywag:   Gullible journalists agree to prank their readers
InfoWorld:
Source: Windows XP to get reprieve for low-cost laptops  —  San Francisco - Microsoft plans to extend the availability of Windows XP for low-cost laptops beyond June 30, with an announcement expected later this week, according to a source familiar with the situation.
RELATED:
Eric Bangeman / Ars Technica:
Microsoft to give XP stay of execution—for budget laptops
Discussion: InfoWorld
Caroline McCarthy / CNET News.com:
Live, from New York, it's...Mark Zuckerberg?  —  In a surprise move that has shocked Silicon Valley, young Facebook founder Mark Zuckerberg will guest host an upcoming episode of Saturday Night Live, according to multiple sources.  —  The mild-mannered Zuckerberg, best-known …
Discussion: MediaShift and Technology Live
Jimmy Hsu / DigiTimes:
Lite-On developing BD-ROM drives for Xbox 360, sources say  —  Lite-On IT is developing built-in Blu-ray Disc-(BD) ROM drives for the Microsoft Xbox 360 game console, according to industry sources.  Lite-On declined to comment, citing client confidentiality.
Allen Stern / CenterNetworks:
Last.fm Gets CBS Radio Stations  —  CBS and CBS-owned Last.fm have announced a distribution deal today that will bring CBS Radio stations across the U.S. to the Last.fm Internet music service.  The deal will bring the top stations including New York's WCBS-FM, Los Angeles' KROQ, Chicago's WXRT and Atlanta's WVEE to Last.fm.
RELATED:
Caroline McCarthy / The Social:   CBS Radio, Last.fm sing a streaming-audio duet
Josh Lowensohn / Webware.com:
Scribd now offering free document scanning [Update: it's real!]  —  Update (10:06 AM): The submission process differs from the original plan.  If you have the address, please don't send anything there.  Please check the updated instructions below.  And yes—this is real.
Discussion: Mashable! and CyberNet
Sarah Perez / ReadWriteWeb:
Blog Comments Still Matter  —  Over the weekend, this post on Paul Graham's blog got a lot of attention.  The title was “How to Disagree,” and it focused on the different types of negative, or disagreeing, blog comments.  As Matthew Greensmith of Geek News Central called it, it was “a true geek masterpiece.”
Sharon Linsenbach / eWeek:
IBM ‘Blindsided’ by Federal Contract Suspension  —  Big Blue is suspended from seeking federal work pending an investigation into bid-rigging charges surrounding a March 2006 EPA contract.  —  IBM is banned from bidding on federal government contracts while the U.S. Environmental Protection …
Discussion: InfoWorld
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Adobe AIR Team Blog:
HTC Hero: The first Android device with Flash  —  Adrian Ludwig from Adobe shared some very exciting news when he recently demoed Flash Player running inside of the new HTC Hero web browser.
Channel 9:
This Week C9: Speech Recognition, Army of 1, TweetCraft and more  —  This week on Channel 9, Dan and Brian discuss the week's top developer news, including:  — Joel Bennett - Control your PC with your voice and PowerShell, via Alvin Ashcraft
Microsoft Startup Zone:
Business plans, business models, who needs them?  —  For a long time I have wanted to write a post about the irrelevance of business plans.  Twitter got VC funding with no business plan and no business model.
OSCON:
OSCON Early Registration Extended  —  Open source technologies are some of the most economical choices you can make for your business and we've just made it a little easier to get the info you need to maximize …
Zoho Blogs:
Announcing The Social Way To Get Things Done: Zoho Projects 2.0  —  Today we're excited to end the ‘mystery’ and announce Zoho Projects 2.0.  What is so exciting about this launch?  It will change how teams get work done.
Intel Software Network Blogs:
Among the Computing Greats- A night at the ACM Awards  —  My background and inclination, lead me to want to report on my recent trip to the ACM Awards like I would the Oscar's... “Dr. Andrew Chien was looking debonair …
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 More Items: 
lists.opendocsociety.org Mailing Lists:
[OpenDoc Announce] News flash: DIS 29500 passes with minimal approval
Discussion: CNET News.com and InfoWorld
Matthew Rothenberg / Flickr Blog:
Find Your Friends
Discussion: ReadWriteWeb
Matthew Aslett / 451 CAOS Theory:
VC funding for open source hits an all-time high
Michael Arrington / TechCrunch:
Jana Consortium: CNET leadership has “presided over massive value destruction”
Discussion: BoomTown and paidContent.org
Dean Takahashi / VentureBeat:
Veeple uses Flash to make videos come alive with ad links
Discussion: NewTeeVee and Download Squad
Andy Space / 9 to 5 Mac:
ChangeWave confirms iPhone battles BlackBerry
Discussion: Electronista
Richard Koman / ZDNet Government:
OOXML: Unofficially yes, formal announcement Wed.
Long Zheng / istartedsomething:
Leaked new Ultimate Extras sound scheme
 Earlier Items: 
Pshapiro / Community Voices:
Google Seeks to Organize All of Human Ignorance
Discussion: ReporTwitters Blog
Philipp Lenssen / Google Blogoscoped:
Google April Fool's Jokes Galore
Richard Thurston / The Register:
Google lets users take Apps files offline
Stephanie Clifford / New York Times:
An Online Game So Mysterious Its Famous Sponsor Is Hidden
Michael Learmonth / Silicon Alley Insider:
Nielsen: ABC Wins* Battle Of Network Web Sites
Discussion: MediaFlect
Robert Scoble / Scobleizer:
Getting to know the FriendFeed team
InfoWorld:
Steve Jobs “miracle” in the valley
Sir Richard Branson / Official Google Blog:
Announcing Project Virgle