I have subscribed to in my firefox and today when I checked it I got my today’s scoop. At the top there was may be one of the biggest news of the year with the title “Microsoft wants to purchase Yahoo”. Well, I had been hearing the rumors that both Yahoo and Microsoft have shaken hands to compete against Google but I never knew tat Microsoft was going to purchase Yahoo.
It is stated in the news that Microsoft has offered to buy Yahoo for $44.6bn (£22.4bn) in cash and shares. The offer is 62% above Yahoo's closing share price on Thursday and the fact can’t be ignored that Yahoo has been struggling lately due to competition with Google and it would have to spend an additional $300m this year just to revive from its loss.
But still, it’s just an offer and Yahoo is a great site plus search engine. Merging with Microsoft might not be a good deal I guess. Anyways, it’s just an offer. It is still to be evaluated and the most important thing is long-term value for shareholders. Lets see how Yahoo responds.
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