It just doesn’t have the same ring to it. Microsoft has made an official bid on the internet search and portal giant Yahoo! according to GamerNode.com. $44.6 billion dollars. Check out the details in their official press release here. On a similar note, Counteragent.com is for sale for just under that price. Eh, Microsoft? I’m just saying.
Anyway, what does this mean for you and me? Probably nothing really. Maybe some stronger competition for Yahoo and Microsoft’s nemesis Google.
The bid would offer $31 per share, which according to Microsoft, “represents a 62 percent premium above the closing price of Yahoo! common stock on Jan. 31, 2008.” Yahoo responded to the bid from M$ saying they “will evaluate this proposal carefully and promptly in the context of Yahoo!’s strategic plans and pursue the best course of action to maximize long-term value for shareholders.” Full details.
Boom!