Microsoft has made a very generous bid to buy the ailing Yahoo. AP wire reported that a $31 per share offer was made by Microsoft to purchase Yahoo Internet search engine. This is an enormous premium over what Yahoo’s stock closed yesterday.
Yahoo has seen their stock sinking over the last year and this could be some great news for them.
Yahoo CEO Jerry Yang (L) and Microsoft Chairman Bill Gates in this composite image are the figureheads for the two companies involved in this deal that has been rumored for over a year. Microsoft on Friday, February 1st (4am PST) said it had offered to acquire Yahoo in a proposed cash and stock deal valued at $44.6 billion.
More to come on this Super Tech deal!
Filed under: Blogroll, Corporate Planners, corporate pr, Electronic, Electronic Industry, Event City Info, Internet SuperTech, Silicon Valley, Technology | Tagged: bill gates, finance, jerry yang, microsoft, microsoft makes offer to buy yahoo, stock deal, yahoo | 1 Comment »