Stan Chee dot Com

Not rumors anymore! The official news is out…

MIGUEL HELFT of New York Times reported on Feb 1, 2008:

“SAN FRANCISCO — In a bold move to counter Google’s online pre-eminence, 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.

If consummated, the deal would redraw the competitive landscape in Internet consumer services,
where both Microsoft and Yahoo have both struggled to compete with Google.

The offer of $31 a share represents a 62 percent premium over Yahoo’s closing stock price of
$19.18 on Thursday. It would be Microsoft’s largest acquisition ever.”
…Continue to read NYT Report

Lets see how Google will react to the news…Very interesting to watch, of course!

Tags: Microsoft+to+buy+Yahoo! Microsoft Yahoo! corporate+news

This entry was posted on Friday, February 1st, 2008 at 10:19 am and is filed under Corporate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.