Microsoft Bidding for Yahoo
By Jen on February 01 2008 at 10:58 AM
A new wrinkle in Microsoft’s quest to topple Google in the search game. Microsoft has made an unsolicited bid for Yahoo to the tune of $44.6 billion.
Yahoo, the once dominant search engine has been struggling of late, unable to match Google. Microsoft is offering $31 per share for Yahoo, a sixty-two percent premium to Yahoo’s closing price on Thursday, yet less than its fifty-two week high of just over $34.
Yahoo issued a brief statement saying it would carefully and promptly study the bid. My guess is they are looking for a way to fend off Microsoft, or if need be, in search of a white knight.
Of course, another option would to go back to letting Google run its search engine like it once did.
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