From ReportOnBusiness.com:
Microsoft Corp. revealed plans for a surprise $44.6-billion (U.S.) cash and stock takeover offer for struggling Internet search pioneer Yahoo! Inc., in a move that would not only dramatically increase its share of the global Web search business but would have serious implications for top dog Google Inc.
The world’s largest software company made the announcement Friday morning after sending a letter to the Yahoo board of directors dated Jan. 31. Microsoft is offering Yahoo shareholders $31 per share for all outstanding share of Yahoo! common stock, which represents a 62 per cent premium above the price that Yahoo! shares closed at last night.
Yahoo confirmed that it had received the offer and said its board would consider the deal.
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If Microsoft does no better with Yahoo than they do with their own software releases, the top management people at Google should be dancing in the street.
Good point Bob!