Microsoft is positioning itself to go up against Google by a move to buy Yahoo!
Quoted:
"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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Posted
02-01-2008 8:06 PM
by
marl