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"Microsoft has quite a boat over here in Cannes," says AdWeek's Brian Morrissey, reporting from the 2008 Cannes Lions advertising festival. He writes:

[Microsoft] upgraded from last year’s more modest Wally B to drop at least $300,000 for Parsifal III, a 158-foot sailing yacht that sleeps 12 in five staterooms bigger than my apartment. There’s also a jacuzzi. The owner is a Danish coffee-maker magnate who owes his success to the Scanomat machine that can brew coffee and froth milk from the same appliance. Useful.

Not to be left out, Yahoo's partying on the Riveria tonight, too.

It's right now holding a party in its swank penthouse with Lindsay Lohan's girlfriend [Samantha Ronson] DJing. Sadly, I'm missing it. Technically the party is tribal ddb's, but it's at the yahoo penthouse. Funny enough, it overlooks the water where Microsoft's huge yacht is front and center.

(Photo by Steve Peters)