Microsoft Makes Takeover Bid For Yahoo
Feb 1st, 2008 by Shaun Carter
In a surprise announcement today, Microsoft has offered to purchase Yahoo for $44.6 Billion. If Yahoo’s board approves it will be the largest acquisition in Microsoft history.
The $31 per share offer marked a 62% premium for the stock. Yahoo has been struggling of late to compete with online search giant Google, which is suffering from slower profit growth itself. The blending of Yahoo and Microsoft could be just what the company needs to mount an offensive attack against Google. Especially considering the cash horde that Microsoft has and could use to revitalize the Yahoo brand.
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