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Microsoft to purchase Yahoo for $44.6 billion!

Posted on February 1st, 2008 by admin in Domain News | No Comments »

Yahoo has been in a downfall in recent times, as outlined by a number of blogs and news sites in recent times, due to their dwindling stock value and lowest profits in 4 years.

In an extraordinary development, Microsoft have announced they have made an unsolicited approach to purchase Yahoo Inc with an offer of $44.6 billion!!!

This is Microsoft’s boldest ever attempt at catching up to Google in the online search and advertising market.

The surprise offer of $31 per share was made late Thursday and announced today on Microsoft’s presspass site.

It will be very interesting to see how this story develops!

Microsoft will host an analyst/investor conference call at 8:30 a.m. Eastern Time/5:30 a.m. Pacific Time to discuss today’s announcement.

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