Microsoft Offers $44.6B for Yahoo

[El-Basha]

World Business Breaking News
4779
Microsoft made an unsolicited $44.6 billion US $
offer
for Yahoo, the Internet icon and one the best known Web portals, in a move to boost its competitive edge against Google Inc. in the online services market.

This offer is 60% over the share market value for Yahoo share.

Talks between Microsoft & Yahoo began in April 2007
The share market in US is moving up on the back of these news.

[El-Basha]

http://www.pcworld.com/businesscenter/article/145505/yahoo_shares_take_a_hit_on_monday.html

Deal or no deal.....
No Deal
Yahoo's shares closed down 15 percent at US$24.37, after dropping as low as $22.97 during the day.

While Wall Street seemed displeased that Yahoo and Microsoft didn't consummate their merger, at least Yahoo's shares didn't retreat to their $19.18 pre-acquisition-bid price.

"It was expected that the stock would be down meaningfully today. It's also not surprising the stock is up fairly substantially from where it was prior to the offer's announcement," said financial analyst Troy Mastin of William Blair & Co.

This is good news for the internet users...... we still have a fair level of competitions Google & Yahoo

got:)((sml20)(sml19)

[El-Basha]

Possible .....Deal..... (sml4)
Microsoft not bidding for whole company,looking at other deals with Yahoo


Other deals with Yahoo

May 21, 2008 4:50 PM ET advertisement

Executive Officer Steve Ballmer said Wednesday the company doesn't plan to bid on Yahoo Inc. as a whole but is looking at other possible deals with the search engine company.

At the launch of Redmond, Wash.-based Microsoft's (NASDAQ:MSFT) new research and development center in Israel, Ballmer said his company is "trying to have discussions about deals with Yahoo that might create value, but not a whole acquisition of the company."

Microsoft walked away earlier this month from its offer to buy Sunnyvale, Calif.-based Yahoo (NASDAQ:YHOO) for $33 a share, or about $47.5 billion. Yahoo said it would take a minimum of $37 a share to seal the deal.

Reuters reported earlier this week that Microsoft countered with another proposal to buy Yahoo's search business and take a minority stake in the company.

Investor Carl Icahn has also begun a proxy battle to force a sale, and has compiled a slate of directors he wants to take over the company

(sml4)