Friday, February 01, 2008

Breaking News: Microsoft Proposes to Acquire Yahoo!

Just read this on a Microsoft press release:

Microsoft Corp. (NASDAQ:MSFT) today announced that it has made a proposal to the Yahoo! Inc. (NASDAQ:YHOO) Board of Directors to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31 representing a total equity value of approximately $44.6 billion.


Read more about it in this press release.

Shocking news no?

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