01-02-2008, 11:53 AM
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 Microsoft offers $44.6 billion for Yahoo
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REDMOND, Wash. - Microsoft Corp. on Friday offered to acquire search engine operator Yahoo Inc. for $44.6 billion in cash and stock in a move to boost its competitive position in the online services market.
Microsoft bid $31 per share for Yahoo, representing a 62 percent premium to Yahoo's closing stock price Thursday.
| Microsoft offers $44.6 billion for Yahoo - U.S. business - MSNBC.com |