Microsoft Bids To Buy Yahoo!

Tech giant Microsoft made a bid to buy Yahoo! today. And if that move wasn’t shocking enough, wait till you hear the price: 44.6 billion dollars. Yes, the powers-that-be at Redmond are serious about acquiring the search engine.

Microsoft Friday unveiled a hostile bid of 44.6 billion dollars for Yahoo in an effort to merge the world’s biggest software company with a major Internet player to take on the Google juggernaut.

Yahoo said it was examining the “unsolicited proposal” and added that its board “will evaluate this proposal carefully and promptly in the context of Yahoo’s strategic plans and pursue the best course of action to maximize long-term value for shareholders.”

The move comes as Yahoo is losing ground rapidly in the Internet space to Google, the search leader which has been able to cash in on the growing market for online advertising.

The news has got to be both flattering and frightening for Google. It’s flattering because this is Microsoft unabashedly telling the world that it considers Google a threat, a danger so great that it’s willing to spend 44 billion dollars to fight it. It’s frightening because Google will be up against the combined force of two powerful brands, should the deal push through. We’ll keep you posted on how things develop from here.

Source: Yahoo!

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