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Microsoft makes 44.6 billion USD bid for Yahoo!
>> From gamesindustry.biz:
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Microsoft Corporation has announced that it has made a proposal to acquire Yahoo! for approximately USD 44.6 billion.
The offer of USD 31 per share represents a 62 per cent premium over the stocks's January 31 closing price.
"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," said Microsoft CEO Steve Ballmer.
If the deal was accepted by Yahoo! and approved by regulatory agencies, it would be completed in the second half of calendar year 2008.
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Full Story: gamesindustry.biz
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