Microsoft wants to buy Yahoo. Holy ****. From CNN (stock tickers removed):
Microsoft Corp. proposed Friday to the board of Yahoo Inc. to acquire all the outstanding common shares of Yahoo for $31 a share, representing a total equity value of about $44.6 billion.
Ionut Alex. Chitu in the comments reminds us that Microsoft offers to Yahoo have been rebuffed before, though. Peter Dawson wonders if the US Securities and Exchange Commission would pass such a deal; it could be a monopoly, Peter says. Microsoft and Yahoo are arguably Google’s two biggest competitors – having them merge might pose an even bigger threat to Google.
[Thanks Mathias Schindler, Search-Engines-Web.com, Ionut and Pd!]
Update: Yahoo released a small FAQ for this “unsolicited proposal,” as they call it:
How is Yahoo! responding to Microsoft’s proposal?
The Yahoo! Board is undertaking a deliberate review process. They’re going to take time to thoroughly evaluate the proposal in the context of Yahoo!’s strategic plans. This will include evaluating all of the Company’s strategic alternatives – including maintaining Yahoo! as an independent company. That process will take some time, but the Board will ultimately pursue the option that it believes can best maximize value for our shareholders.
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