Microsoft bids for Yahoo: $44.6 billion
Posted by Jacque on February 1st, 2008
In possibly the biggest Internet deal since the Time Warner-AOL merger, Microsoft Corp. made a bid to buy Yahoo Inc. for $44.5 billion in cash and stock.
Described as “its boldest-ever acquisition move, Microsoft sent a letter to Yahoo’s board on Thursday night, offering $31 per share for the Internet media company, a 62 percent premium over its Nasdaq closing stock price that day.” The Yahoo board will evaluate the offer.
Microsoft Chief Executive Steve Ballmer sees the move as critical to Internet business growth, especially against its major competition, Google.
Major blogging pundits have started to imagine what a combined Microsoft-Yahoo would look like. Register your opinion at Mashable’s daily poll.