Microsoft offers to buy Yahoo! for $45B
- February 1st, 2008
- 3 Comments
Microsoft has offered to buy Yahoo! for $44 billion, or $31 per share. Right now, Yahoo! trades for $19.18, so the $31 price tag (a 62 percent premium) must look very tempting to Yahoo! shareholders, especially given the company’s lackluster performance lately.
In a letter to Yahoo!’s board of directors, Microsoft CEO Steve Balmer said the two companies should become one in order to better take on Google. “Today this market is increasingly dominated by one player. Together, Microsoft and Yahoo! can offer a competitive choice while better fulfilling the needs of customers and partners.” (TechCrunch has posted the entire letter.)
Good, bad, who cares? The Negative Neds on MSNBC are already questioning the merger, kindly reminding viewers that AOL TimeWarner was a bust.
I’m sure this will be developing all day, which is good news for us because Friday is usually an awfully boring day. Not today.
Microsoft Makes Unexpected $44.6B Offer for Internet Icon Yahoo [AP/Yahoo! Finance via Drudge]
Susan Kishner (Who am I?)
8 months ago
I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.
Susan Kishner
drdrew (Who am I?)
8 months ago
suckered another one cg. just wait susan, just wait… :)
drdrew (Who am I?)
8 months ago
Microsoft! Or maybe some google-esque type name now that they will have continuous “oo” from the Yahoo! name. Wait, doesn’t google have a patent on that…