Friday, February 1, 2008

Microsoft makes bid for Yahoo

Microsoft said Friday that it is making <A HREF="http://blogs.zdnet.com/BTL/?p=7848&tag=nl.e589">an unsolicited offer of $31 a share, or $44.6 billion, to buy Yahoo</A> in a move that would give the software giant more market share and become a significant threat to Google.

In a statement, Microsoft would allow Yahoo shareholders to get cash or shares of Microsoft. At a 62 percent premium to Yahoo's closing price of $19.18 the deal would seem like a no brainer for suffering Yahoo shareholders. Yahoo said it will evaluate the offer "carefully and promptly."

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