Microsoft Offers $44.6B for Yahoo
Friday February 1, 12:38 pm ET By Michael Liedtke, AP Business Writer
SAN FRANCISCO (AP) -- Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance of the lucrative online search and advertising markets.
(From : http://biz.yahoo.com/ap/080201/microsoft_yahoo.html)
Microsoft Proposes Acquisition of Yahoo! for $31 per Share
Transaction valued at approximately $44.6 billion in cash and stock; provides 62 percent premium to current trading price for Yahoo! shareholders; combined entity to create a more competitive company, providing superior value to shareholders, better choice and innovation for customers and partners.
(From: http://www.microsoft.com/presspass/press/2008/feb08/02-01CorpNewsPR.mspx)
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