Microsoft offers to buy Yahoo! for $44.6 Billion
February 1st, 2008
From a Microsoft Press Release: (REDMOND, Wash. — Feb. 1, 2008)
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.
This would be a huge deal if it happens. Microsoft made noises about buying Yahoo in 2006 & 2007, but with the recent drop in Yahoo! share price (until this deal bumped them up a bit) Microsoft might actually pull this off.
What does this mean?? It could mean the end of yahoo mail for one. It could mean the end of yahoo search for another. It could mean that there will be two big players in search Google and MSN. I believe if it happens you will see the smaller search engines further consolidate such as ASK and DOGPILE and maybe LYCOS be combined because they would need to at least be viable. We might even see anew player emerge. I will try to keep you posted.
Joe
No comments:
Post a Comment