Microsoft bids $44 billion for Yahoo!
Friday, February 1, 2008
United States software giant Microsoft has launched an unsolicited bid to buy Internet search giant Yahoo! for US$44 billion or approximately US$31 per share.
The deal, which is half in cash and half in stock, if accepted by Yahoo!'s shareholders, could create a major competitor to Google, the search giant which currently dominates the Internet search market.
Sources
- "Microsoft Makes $44.6 Billion Bid for Yahoo" — The New York Times, February 1, 2008
- Phil Serafino; Ari Levy. "Microsoft Offers to Buy Yahoo for $44.6 Billion (Update3)" — Bloomberg, February 1, 2008
- Aude Lagorce. "Microsoft offers $44.6 billion for Yahoo" — MarketWatch, February 1, 2008
- Microsoft. "Microsoft Proposes Acquisition of Yahoo! for $31 per Share" — PR Newswire, February 1, 2008