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Microsoft bids $44 billion for Yahoo!

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From Wikinews, the free news source you can write!

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

[edit]
  • 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


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