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Microsoft Seeks to Buy Struggling Yahoo
Feb. 1st, 2008 07:47 am♠
SAN FRANCISCO — Microsoft said Friday that it has made an offer to buy Yahoo for about $44.6 billion, or $31 a share, in a mix of cash and stock.
The offer represents a 62 percent premium over Yahoo’s closing stock price of $19.18 on Thursday.
If consummated, the deal would redraw the competitive landscape of the Internet consumer services business, where both Microsoft and Yahoo have struggled to compete with Google.
-- Miguel Helft for The New York Times
It hurts to think of MicroSuck spreading its suckage even further around the Internet. Can't they be content with giving us their buggy, cobbled up Windows systems?
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SAN FRANCISCO — Microsoft said Friday that it has made an offer to buy Yahoo for about $44.6 billion, or $31 a share, in a mix of cash and stock.
The offer represents a 62 percent premium over Yahoo’s closing stock price of $19.18 on Thursday.
If consummated, the deal would redraw the competitive landscape of the Internet consumer services business, where both Microsoft and Yahoo have struggled to compete with Google.
-- Miguel Helft for The New York Times
It hurts to think of MicroSuck spreading its suckage even further around the Internet. Can't they be content with giving us their buggy, cobbled up Windows systems?
