Friday, February 01, 2008

Microsoft bids to acquire Yahoo

Microsoft has made an unsolicited offer to buy Yahoo for $44.6 billion in cash and stock in what would be the biggest Internet deal since the Time Warner-AOL merger. Microsoft said on Friday it offered $31 per share for Yahoo, or a 62 percent premium over the Internet media company's closing stock price on Nasdaq Thursday. Yahoo, whose shares jumped to $30.75 in premarket trading, said it would evaluate the bid.


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