Microsoft Makes $44.6 Billion Bid to Acquire Yahoo
"We discussed a number of alternatives ranging from commercial partnerships to a merger proposal, which you rejected," Microsoft told Yahoo in a letter.
"While a commercial partnership may have made sense at one time, Microsoft believes that the only alternative now is the combination of Microsoft and Yahoo that we are proposing," it said.
Microsoft's press release provides some more details:
Our lives, our businesses, and even our society have been progressively transformed by the Web, and Yahoo! has played a pioneering role by building compelling, high-scale services and infrastructure, said Ray Ozzie, chief software architect at Microsoft. The combination of these two great teams would enable us to jointly deliver a broad range of new experiences to our customers that neither of us would have achieved on our own.
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This is NOT a joke.
www.cnbc.com
More: Microsoft Makes $44.6 Billion Bid for Yahoo after Yahoo Rejects Partnerships, Merger
Interesting. I would imagine that Google will be a bit worried about this.
Apple - Google merger anyone?
I can't really see this being good for Microsoft, really. If they're trying to compete with Google, I guess it may help, but is it worth $45 billion?
And this really should be in the Current Events forum. Not all news belongs here just because the Community forum gets more traffic.
I don't understand how this will help Microsoft either. I guess that they want to take their search technology to the next level, and this was the way to do it. Perhaps it is their only viable way to stay caught-up with Google, because Google sure appears to have a lot of energy and innovation right now.
edit: just kidding!
And this really should be in the Current Events forum. Not all news belongs here just because the Community forum gets more traffic.
Completely agreed but we're on the main news forum instead; it's that newsworthy.
Yeah I also agree I don't see how this would help Microsoft, but Microsoft probably has enough money to make this seem like not too huge of a deal.
Yea Microsoft has about $30bn just in cash right now.
Yea Microsoft has about $30bn just in cash right now.
Oh *****, I thought they had more :o
Does it really matter? Why can Microsoft do with Yahoo that they couldn't do with their MSN service?
I can't really see this being good for Microsoft, really. If they're trying to compete with Google, I guess it may help, but is it worth $45 billion?
And this really should be in the Current Events forum. Not all news belongs here just because the Community forum gets more traffic.
I can see it being important to Microsoft who are still struggling to gain marketshare in the search engine market.
As of Jan 2008, marketshare is as follows:
Google: 77%
Yahoo!: 12%
Microsoft: 6%
Others: 5%
So, if MS could bought Yahoo!, it would give them more power in the search engine market. Still no where near Google though. :rolleyes:
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