Linked by Thom Holwerda on Fri 1st Feb 2008 13:00 UTC, submitted by Moulinneuf
Microsoft has offered to buy the search engine company Yahoo for USD 44.6bn 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 USD 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. Update: More here.
Permalink for comment 298823
To read all comments associated with this story, please click here.
To read all comments associated with this story, please click here.
Recent Original Stories
Recent Comments
Headlines
Random Comments
Random Stories
Random OS Link
Member since:
2005-04-01
Why not? Remember, having a monopoloy is not illegal, just using it to engage in anti-competitive behavior. I think that most people would call Yahoo and search service, where Google clearly rules the roost. And their other big services are Flickr and Yahoo Mail - neither of which is especially unique or has a large enough marketshare to prevent a deal like this.
Not that laws ever stopped large companies in this country before...