[PLUG-TALK] Another M$ Acquisition Attempt

M. Edward (Ed) Borasky znmeb at cesmail.net
Fri Feb 1 21:26:21 PST 2008


Richard C. Steffens wrote:
>>From a financial newsletter we get:
> 
> Microsoft revealed that it is making an unsolicited, i.e., "hostile,"
> bid to acquire Yahoo. On Thursday the software giant sent a letter to
> Yahoo's board of directors offering $44.6 billion for the Internet
> services provider, noting that the Internet advertising market is
> "increasingly dominated by one player" (Google) and "together, Microsoft
> and Yahoo can offer competitive choice while better fulfilling the needs
> of customers and partners." Yahoo's directors said they would "evaluate
> the proposal carefully." The offer price represents a 62% premium over
> the closing price of Yahoo's shares on Thursday. Today, Yahoo's stock
> (YHOO) gained nearly 48% and Microsoft (MSFT) fell 6%.
> 
Bah



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