Microsoft to buy Yahoo
by
Andy Huang
/
Friday, 01 February 2008
/
Published in
Financial Market, MSN, Search Engines, Yahoo
Microsoft (MSFT) announced this morning it has made a bid for Internet titan Yahoo! (YHOO). The offer is for $31 per share representing a 62% premium above yesterday’s closing price and valuing Yahoo! at $44.6 bln. The announcement marks the largest tech acquisition that may better position Microsoft in the Internet-search market which is expected to almost double to $80 bln by 2010.