Microsoft has made an unsolicited $44.6 billion bid for Yahoo. Here’s an extract from the offer letter:
I am writing on behalf of the Board of Directors of Microsoft to make a proposal for a business combination of Microsoft and Yahoo!. Under our proposal, Microsoft would acquire all of the outstanding shares of Yahoo! common stock for per share consideration of $31 based on Microsoft’s closing share price on January 31, 2008, payable in the form of $31 in cash or 0.9509 of a share of Microsoft common stock. Microsoft would provide each Yahoo! shareholder with the ability to choose whether to receive the consideration in cash or Microsoft common stock, subject to pro-ration so that in the aggregate one-half of the Yahoo! common shares will be exchanged for shares of Microsoft common stock and one-half of the Yahoo! common shares will be converted into the right to receive cash.
Source: TechCrunch.
I’m sure that’ll provoke some Anit-Trust/Monopoly investigations, but for those of us in the UK where Google has far too large a share of the search engine market it would be nice to see some effective competition to Google – which hopefully this would provide.
Email This Post

This blog is about business opportunities and ideas that I spot, think of or hear about and think are useful and interesting. It is intended to provide ideas and inspriation for you to help you find the right business idea for you to then grow it into a successful business.

Got A Question?
If you have a question that is not directly related to this post please consider asking
it on the forums instead.