It's my Life!!!: Microsoft bids $44.6 billion for Yahoo!

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Microsoft bids $44.6 billion for Yahoo!
Saturday, February 02, 2008

Microsoft went public today (Friday in US) with a $44.6 billion cash-and-stock bid to acquire Yahoo.

Microsoft's offer, which was contained in the letter to Yahoo's board, amounts to $31 a share and represents a 62 percent premium over Yahoo's closing price on Thursday. Microsoft said it will offer shareholders the option of cash or stock.

"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,"
-Steve Ballmer CEO, Microsoft

They should change there slogan "Your potential, our Passion" into "If you have potential, we will buy you"... Anyway I'm still a Microsoft fanboy! LOL! GO MICROSOFT!

Labels: Microsoft, Yahoo

Posted by Karlo @ 2/02/2008 08:10:00 AM
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