“Microsoft Corp has made an unsolicited offer to buy Yahoo Inc for $44.6 billion in cash and stock, seeking to join forces against Google Inc in what would be the biggest Internet deal since the Time Warner-AOL merger.”
You can read the full article here
So Microsoft is trying to buy more market share. Smart move on their part in my opinion. To really compete with the big G this buyout will have to occur or Y! will have to make a counter offer to buyout MSN search side (not that likely IMO).
“Microsoft said it had offered to buy Yahoo for $31 per share, which it said represented a 62 percent premium above the company’s closing stock price on Nasdaq on Thursday.”
Good news for those stock holders that took the dip earlier this week…. What will come of this only time will tell but honest i hope it happens and they take the best part of Y and MSN and make them into a powerhouse search!
What do you think?
