Microsoft Makes $44.6 Billion Bid for Yahoo
Breaking news that could shake up the search industry, as well as having broader implications for concentration of user data (if we can convince the FTC of the connections between antitrust and privacy wrt online businesses rely on user data for their products and services):
Microsoft Makes $44.6 Billion Bid for Yahoo
Microsoft said Friday that it would offer $44.6 billion for Yahoo, the ailing search giant. The surprise offer of $31 a share represents a 62 percent premium to Thursday’s clsoing share price. Yahoo shareholders could elect to receive either cash or stock.
The proposed acquisition, the largest ever by Microsoft, would give some relief to Yahoo’s long-suffering shareholders, who have seen the company’s stock slide nearly 32 percent this year. It would also create the most formidable competitor yet for Google, the search engine giant.
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