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Seeking to reshape the online landscape and create a serious challenger to Google with a single bold stroke, Microsoft has made a $44.6 billion unsolicited bid to buy struggling portal Yahoo. The offer -- shareholders can choose either cash or the equivalent amount of Microsoft stock -- valued Yahoo at $31 per share, a 62 percent premium over the stock's closing price on Thursday. Yahoo shares surged 44 percent higher in Friday morning action to $27.75. Microsoft shares were down more than 6 percent to $30.52.
Re: Microsoft Guns for Google With $44.6B Yahoo Bid
Posted by: JFFU 2008-03-04 09:19:27 In reply to: Keith Regan
I support Microsoft's bid for Yahoo-44.6Billion is more than enough. Google on the other hand, in my opinion, is attempting to Blind-Side-Microsoft, with its buying frenzy of tangential enterprises.
