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Feb 01 2008 12:00am EDT
Microsoft Makes Mega-Play for Yahoo
Microsoft wants Yahoo, and it's prepared to spend a lot.
According to various reports, Microsoft CEO Steve Ballmer notified Yahoo's board of directors yesterday of a $44.6 billion acquisition offer. At $31 a share, that price represents a 62 percent premium -- not far from the 67 percent premium that netted Rupert Murdoch Dow Jones (and that for a tidy $5 billion).
Ballmer's disclosure of the offer was evidently a maneuver to put pressure on Yahoo's management via its shareholders.
Read more here ...
