{"id":464,"date":"2008-02-01T13:24:58","date_gmt":"2008-02-01T13:24:58","guid":{"rendered":"tag:www.legitreviews.com:\/\/a8182156adc38e67927945765def8cc5"},"modified":"2008-02-01T13:24:58","modified_gmt":"2008-02-01T13:24:58","slug":"microsoft-offers-446b-for-yahoo","status":"publish","type":"post","link":"https:\/\/computerhunter.us\/?p=464","title":{"rendered":"Microsoft offers $44.6B for Yahoo"},"content":{"rendered":"

Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance of the lucrative online search and advertising markets. The surprise offer of $31 per share, made late Thursday and announced Friday, comes with Sunnyvale-based Yahoo in a vulnerable position.<\/p>\n

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With its profits steadily sliding, Yahoo's stock slipped to a four-year low earlier this week and a new management team has been trying to steer a turnaround but sees more turbulence through 2008. The announcement sent Yahoo's share price up 60 percent in premarket trading, while Google fell 8 percent. In a letter to Yahoo's board of directors, Microsoft Chief Executive Steve Ballmer indicated the world's largest software maker is determined to bring the two companies together.\n<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance of the lucrative online search and advertising markets. The surprise offer of $31 per share, made late Thursday and announced Friday, comes with Sunnyvale-based Yahoo in a vulnerable position.<\/p>\n

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With its profits steadily sliding, Yahoo's stock slipped to a four-year low earlier this week and a new management team has been trying to steer a turnaround but sees more turbulence through 2008. The announcement sent Yahoo's share price up 60 percent in premarket trading, while Google fell 8 percent. In a letter to Yahoo's board of directors, Microsoft Chief Executive Steve Ballmer indicated the world's largest software maker is determined to bring the two companies together.\n<\/p>\n<\/blockquote>\n

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