Microsoft Corp. today announced that it has made a proposal to the Yahoo! Inc. 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. Microsoft's proposal would allow the Yahoo! shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the total consideration payable to Yahoo! shareholders consisting of one-half cash and one-half Microsoft common stock. The offer represents a 62 percent premium above the closing price of Yahoo! common stock on Jan. 31, 2008.
You had to know it was coming from the exodus of Y! stock the last few days. Its a good buy for MS, and since the big G is the leader, one that I would assume will be a breeze to get past the SEC.
I always liked having 3 majors in the search engine market, but MSN really tanked with their neural search, and since Vista didn't pan out so well they failed to get an MSN search box really integrated into the OS (or where held back by regulation). This is a good buy for both. I wonder what the word at the Googoplex is.
Microsoft Proposes Acquisition of Yahoo! for $31 per Share
