Microsoft Bids $44.6B for Yahoo
Posted on February 1, 2008 - Filed Under media, technology |
The world of media and online information continues to evolve. Now, Microsoft is seeking an expanded role in that universe with news coming this morning of a bid to acquire Yahoo.
According to CNN, “Software giant Microsoft said Friday it had made an unsolicited offer to buy Internet search engine operator Yahoo with a cash and stock bid worth $44.6 billion. The $31-a-share offer represents a 62 percent premium for shareholders above the closing price of Yahoo stock on Thursday, Microsoft said in a statement.”
Read the letter from Microsoft to the Yahoo Board. Â
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