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Microsoft Seeks to Buy Yahoo: Price $ 44Billion - Microsoft Seeks to Buy Yahoo: Price $ 44Billion
Sat, February 02 2008 | 10:36PM | PermaLink Feedback?
"Microsoft has offered to buy the search engine company Yahoo for $44.6bn (£22.4bn) in cash and shares. The offer, contained in a letter to Yahoo's board, is 62% above Yahoo's closing share price on Thursday. Yahoo cut its revenue forecasts earlier this week and said it would have to spend an additional $300m this year trying to revive the company. It has been struggling in recent years to compete with Google, which has also been a competitor to Microsoft."
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