$44.6 Billion for Yahoo

By Tom | February 1, 2008

Microsoft said Friday that it had made an unsolicited offer to buy Yahoo for about $44.6 billion in a mix of cash and stock in an effort to challenge Google Inc.’s dominance in Internet search services and advertising.In response Yahoo said in a news release Friday that its board would evaluate Microsoft bid “carefully and promptly in the context of Yahoo’s strategic plans.”Steven A. Ballmer, Microsoft’s chief executive, in a statement said “We have great respect for Yahoo, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market.”

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