Microsoft bids on Yahoo!

Ok, it is already yesterday’s news but still important news at that. From wired.com: “In a desperate grab for the online advertising market, Microsoft came through and bid $44.6 billion, or $31 per share, for Yahoo.The bid represents a 62 percent premium to yesterday’s closing price for Yahoo shares, although, as one analyst pointed out, it’s only a roughly 15 percent premium over the 52-week average trading price.”

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1 comment so far

  1. Bluebeetle(one) on

    Bad news for everyone but shareholders!


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