This is going to happen fast. Goog got burned and the news is out they are up for sale. They are not going to wait around and take months for this. I am willing to go out on a limb and say we might see something as soon as before the market opens on Monday.
The company I work for has bought other companies and from what I have seen from the cheap seats we see certain powers that be missing from their offices and we suspect they are working on deal and then suddenly a deal is announced publically 1-2 days later. No messing around. We were even caught in a bidding war once that we lost, but a negotiator in that deal that I know well said the whole thing was hashed out in a 20 hour session at the company's headquarters. They went there, they got beaten by a higher bid, they came home with nothing and it was all done on a Saturday. The company that bought the other company announced the deal 7 am on Monday.