Friday, February 1, 2008

Microsoft makes offer to buy Yahoo!

http://www.allheadlinenews.com/articles/7009900939


Microsoft has offered $44.6 billion to buy the company.

Software giant Microsoft has bid $44.6 billion to acquire Yahoo, Google's long-time rival

Microsoft Corp., the world's biggest software maker, made an unsolicited $44.6 billion offer for Yahoo! Inc. to challenge Google Inc.'s dominance in Internet search services and advertising.
The $31-a-share bid of cash or Microsoft stock is 62 percent more than Yahoo's closing price yesterday
The purchase would be the largest acquisition ever in the technology industry. There have been bigger media and telecommunications deals.

Executives contend that the acquisition would jumpstart Microsoft's online advertising business by establishing it as a must-buy for marketers.

My guess is that Yahoo’s fate won’t be completely decided, but the end game is definitely underway. The most likely scenario is that Yahoo will engage negotiations with Microsoft

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