Giants Buying Giants
I've talked a bit about some of Yahoo's woes in the past few months. Certainly they've been struggling under Jerry Yang's leadership.
Microsoft Proposes Acquisition of Yahoo! for $31 per ShareYahoo dabbled and fumbled at voice services. Like I noted in my most recent post on my personal blog. Microsoft is making a solid play in the unified communications space with OCS. Will an acquisition of this scope mean more confusion and delay in what happens on the UC front I think so.
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
REDMOND, Wash. — Feb. 1, 2008 — Microsoft Corp. (NASDAQ:MSFT) today announced that it has made a proposal to the Yahoo! Inc. (NASDAQ:YHOO) Board of Directors to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31 representing a total equity value of approximately $44.6 billion. 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. The offer represents a 62 percent premium above the closing price of Yahoo! common stock on Jan. 31, 2008.
Technorati Tags: Yahoo, Microsoft, unified communications
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