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.
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Member since:
2005-11-10
I just don't think a buyout would be accepted internationally. They would have to jump through ridiculous hoops to get such a thing signed through, least not the EU.
And what about Yahoo pride? The shareholders would say yes, their eyes lit up with money, but the staff would rather jump ship IMO than be a Microsoft property, especially if they were no longer allowed to run their ship how they saw fit.