Microsoft bids $44 billion for Yahoo!
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United States software giant Microsoft has launched an unsolicited bid to buy Internet search giant Yahoo! for US$44 billion or approximately US$31 per share. The deal, which is half in cash and half in stock, if accepted by Yahoo!'s shareholders, could create a major competitor to Google, the search giant which currently dominates the Internet search market.
United States software giant Microsoft has launched an unsolicited bid to buy Internet search giant Yahoo! for US$44 billion or approximately US$31 per share.
The deal, which is half in cash and half in stock, if accepted by Yahoo!'s shareholders, could create a major competitor to Google, the search giant which currently dominates the Internet search market.
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Licensed archive reporting by Wikinews contributors. Text: CC BY 2.5 (https://creativecommons.org/licenses/by/2.5/). Original source date retained. 411 has not independently verified this archive report.
Read the source: Wikinews ↗Source published 1 Feb 2008, 05:30 am IST
