Microsoft has made an unsolicited $44.6 billion bid for Yahoo. The bid, which would consist of cash and Microsoft stock, values Yahoo shares at $31 a share, a 62% premium on Thursdays closing price.
Michael stated during his appearance on Fox Business this week that Yahoo could face a takeover by Microsoft as part of an ad play, and he was right. Microsoft cites online advertising as being one of the key benefits of the acquisition, saying that “resulting benefits of scale along with the associated capital costs for advertising platform providers make this a time of industry consolidation and convergence. Today this market is increasingly dominated by one player. Together, Microsoft and Yahoo! can offer a competitive choice while better fulfilling the needs of customers and partners.”
February 3, 2008 at 2:53 am
Indeed I’m afraid no one but shareholders have something to win from Micro$soft-Yahoo! merge.
IMO – This is really a bad news for the web.
;o(
February 11, 2008 at 3:02 pm
[...] by Puneet on February 11, 2008 It looks as if Yahoo! has rejected Microsoft’s previous offer to acquire the former king of cyberspace for approximately $45 billion. Microsoft was hoping to [...]