Microsoft offers US$44 billion for Yahoo

 

Microsoft has offered to buy Yahoo for US$31 per share, a 62 per cent premium on the closing price of US$19.18 on 31 January, equating to a total equity value of US$44.6 billion..

The offer was made by Microsoft chief executive Steve Ballmer in a letter to Yahoo's board of directors.

"We have great respect for Yahoo, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market," wrote Ballmer.

Yahoo has been one of Microsoft's closest competitors in the search engine space, but both are completely overshadowed by Google.

Although the combined power of Microsoft and Yahoo would not overtake that of Google's, the acquisition would provide both companies with a lot more clout.

The offer allows Yahoo to receive cash or a fixed number of shares of Microsoft common stock. Yahoo shareholders would get one half cash and one half Microsoft common stock.

Should Yahoo agree to the deal, Microsoft expects that the acquisition would be completed in the second half of 2008, pending all necessary regulatory approvals.

Copyright ©v3.co.uk


Microsoft offers US$44 billion for Yahoo
 
 
 
Top Stories
Australia's digital crescendo
Barely unpacked from his move from Amsterdam, Southern Cross Austereo's new digital boss Vijay Solanki is looking for Australia's untapped potential.
 
Turnbull nabs UK govt digital guru as DTO chief
Inaugural CEO to lead change agenda.
 
NBN to offer TV connections through fibre for greenfields
Ditching aerials to come at a cost.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest articles on BIT Latest Articles from BIT
Windows 10 drops 29 July... but only for some
Jul 6, 2015
If you've reserved your copy of Windows 10 and are keenly awaiting its 29 July release, don't ...
Xerocon is heading to Melbourne!
Jul 1, 2015
We're not saying Xero is our FAVOURITE or anything, but Xero's 2015 Xerocon conference is being ...
New Microsoft Office apps for Android phones
Jun 26, 2015
Microsoft's latest Office apps for Android now work on phones as well as tablets, further ...
Windows 10 UK price revealed, but don't believe everything you hear
Jun 26, 2015
Windows 10 £99 price tag for users in the UK (who presumably don't already have Win 7 Pro ...
Now Xero notifies iOS users of new transactions
Jun 24, 2015
The latest version of Xero's iPhone app includes notifications when new transactions arrive from ...
Latest Comments
Polls
Is site blocking effective in stopping piracy?


   |   View results
Yes
  2%
 
No
  86%
 
Somewhat
  12%
TOTAL VOTES: 790

Vote