Microsoft bids $44.6B for Yahoo
1
Feb
This was being speculated for quite some time and let see if this goes through. Google sure needs some competition and what better than Yahoo and MSN teaming up to take on the web Czar.
Source: Yahoo News
REDMOND, Wash. - Microsoft Corp. offered to buy search engine operator Yahoo Inc. for $44.6 billion in cash and stock in a move to boost its competitive edge in the online services market.
Microsoft bid $31 per share for Yahoo, representing a 62 percent premium to Yahoo’s closing stock price Thursday.
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