Friday, February 01, 2008

Microsoft To Buy Yahoo! Microhoo! Yahosoft!

It is cold here is St. Louis but I didn't know Hell froze over... Microsoft has offered to buy Yahoo! today, here's the scoop:

"Microsoft on Friday startled the industry by offering to buy Yahoo, potentially creating a major shift in online business. The proposal would see Microsoft pay $31 per share in a deal worth a total of $44.6 billion. This is 62 percent higher than Yahoo's closing stock price on Thursday, Microsoft observes. The latter argues that an acquisition would help both companies compete in web services and that about $1 billion per year could be saved between the two by eliminating overhead."


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