The acquisition should had taken place a long time ago and in fact both companies had discussed about this in late 2006 but nothing was materialised. As a combined company, this will fit in nicely for Microsoft who had made little impact online. I m sure together as a company, they will be able to combine to focus resources that drive innovation in emerging scenarios such as video, mobile services, online commerce, social media, and social platform that should at least provide the competition needed to Google. What do you think?
Saturday, February 2, 2008
Microsoft bidding $44.6 Billion for Yahoo
Microsoft announced Friday a $44.6 billion cash and stock offer to acquire beleaguered Yahoo, a deal that would consolidate the web's largest portal with MSN, the fifth-largest. Microsoft's $31 per-share bid represents a 62 percent premium over Yahoo's closing stock price on Thursday. If ratified, the acquisition would herald the biggest Internet deal since the Time Warner/AOL merger, and create a viable threat to the growing web search and advertising supremacy of mutual rival Google.