In an effort to do a serious tag-team move on Google, Microsoft Corp (Nasdaq: MSFT) today is proposing an acquisition of Internet giant Yahoo! Inc. at a price of $31 a share.
(Nasdaq: YHOO) Board of Directors to acquire all the outstanding shares of Yahoo! common stock representing a total equity value of approximately $44.6 billion.Microsoft's proposal would allow the Yahoo! shareholders to elect toreceive cash or a fixed number of shares of Microsoft common stock, withthe total consideration payable to Yahoo! shareholders consisting ofone-half cash and one-half Microsoft common stock. The offer represents a62 percent premium above the closing price of Yahoo! common stock on Jan.31, 2008. Keep reading MICROSOFT MAKES $45 BILLION BID TO BUY YAHOO