Microsoft offers to buy Yahoo for $44.6 billionBy Jose Vilches
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Rumors turned out to be true, Microsoft this morning made a bid to acquire Yahoo for a record-setting $44.6 billion in a deal that, if completed, could significantly boost Microsoft's presence in the search engine market and shake up the competitive and lucrative market for online advertising - two areas where both Microsoft and Yahoo have failed to mount a real challenge to Google.
A deal with Microsoft would also be a great outcome for Yahoo shareholders, who have grown increasingly frustrated with Yahoo's stock performance. The offer represents a 62 percent premium above yesterday's closing price of Yahoo common stock and would allow shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock.
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