Microsoft said Friday that it would offer $44.6 billion for Yahoo, the ailing search giant. The surprise offer of $31 a share represents a 62 percent premium to Thursday’s closing share price. Yahoo shareholders could elect to receive either cash or stock.Hahaha, "formidable". More like "desperate". We'll see if anything comes of this.
The proposed acquisition, the largest ever by Microsoft, would give some relief to Yahoo’s long-suffering shareholders, who have seen the company’s stock slide nearly 32 percent this year. It would also create the most formidable competitor yet for Google, the search engine giant.
-New York Times
Hat tip: dustbury
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