Microsoft Offers To Purchase Yahoo

by Ed Lau on January 31, 2008

Microsoft, Yahoo, bid, buyout, merger, $44.6 billion, 44.6, billion

I thought someone was joking when I first heard this but then I saw it pop up on some legitimate news outlets.

Seriously? Wow, this might go down as one of the bigger deals of our time if Yahoo accepts the $44.6 billion dollar offer Microsoft put in to purchase the search engine giant, which has been reporting decreased profits for some time, probably due to the fierce competition with Google. Stock prices have fallen 46% since reaching $34.08 in October. Jerry Yang announced earlier this week plans to lay off 1,000 members of the Yahoo staff in order to restructure the company.

Apparently, according to BBC, this deal has been talked about for awhile now but nothing has seriously happened til now. It’ll be interesting to see how this affects…well, the rest of the freakin’ world.

in Current Events,Tech and the Net

{ 5 comments… read them below or add one }

Leo February 1, 2008 at 12:46 pm

Apparently stocks in Yahoo! have been skyrocketing as a result of the potential Microsoft purchase.

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Michael Kwan February 1, 2008 at 2:58 pm

I’d imagine so, but somehow I don’t think that Microsoft is going to be the knight in shining armor atop a white horse for Yahoo.

Reply

Leo February 1, 2008 at 5:44 pm

oh ye have little faith . . .

Reply

Stephen February 2, 2008 at 12:35 am

In other news, Google is taking a beating due to falling short on their advertising revenues so they are taking money out of their publishers pockets :(

Reply

Sauce The Game February 9, 2008 at 5:55 am

Hmm I wonder why Microsoft wants to acquire Yahoo?

Reply

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