Showing posts with label Microsoft and Yahoo deal. Show all posts
Showing posts with label Microsoft and Yahoo deal. Show all posts

Tuesday, February 05, 2008

Yahoo for Sale !!

Microsoft Proposes Acquisition of Yahoo! for $31 per Share. Transaction valued at approximately $44.6 billion in cash and stock; provides 62 percent premium to current trading price for Yahoo! shareholders; combined entity to create a more competitive company, providing superior value to shareholders, better choice and innovation for customers and partners.
Microsoft’s proposal would allow the Yahoo! shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the total consideration payable to Yahoo! shareholders consisting of one-half cash and one-half Microsoft common stock.
Microsoft will probably borrow money for the first time to finance its proposed $44.6 billion takeover of Yahoo, chief financial officer Chris Liddell said.
Microsoft took on $80 million in debt from AQuantive when it bought the Internet advertising company for $6 billion in August. Both the AQuantive acquisition and the proposed take-over of Sunnyvale, California-based Yahoo are part of Microsoft’s effort to compete with Google in the $40 billion-a-year market for Internet search services and advertising.
Know more about the deal.