Microsoft Bids On Yahoo 44.6 billion February 1, 2008
Posted by nickpruett in : Microsoft, Internet , add a comment
Microsoft placed a bid through a letter to the board of 44.6 billion dollars, which is 62% more than Yahoos! closing share price on Thursday. Yahoo! has been receiving hard competition from its competitors, mainly Google, which is a common enemy of Microsoft as well. In order to actually revive the company Yahoo! has posted that they would have to actually spend an addition $300 million this year in order to get it back in standard working order.
In this turn of events in which Microsoft wants to purchase Yahoo! for 44.6 billion, Yahoo has responded with the claim that they are going about it just like any other offer, and will select the plan that offers the best outcome for its long-time share holders. However, what is even more interesting then whether or not Yahoo will take the offer, is what new direction will Yahoo! be heading in with Microsoft controlling it, and is Google worried?
