Friday, July 25, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Tablet Market Grows in Second Quarter
The Pirate Bay Goes Mobile
ASUS Announces Strix DSP, Strix Claw, Strix Tactic Pro and Strix Glide Series
China Telecom to Offer The Xbox One System
Thermaltake Debuts the Water 3.0 Ultimate All-In-One Liquid
HP Pavilion 10z Laptop Uses An AMD Mullins Processor
Google Does Not Confirm to $1 Billion Acquisition Of Twitch
Sony Settles 2011 PSN Hacking Case
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > Microso...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, February 01, 2008
Microsoft to Buy Yahoo?


Microsoft offered to buy search engine operator Yahoo for $44.6 billion in cash and stock in a move to boost its competitive edge in the online services market.

Microsoft bid $31 per share for Yahoo, representing a 62 percent premium to Yahoo's closing stock price Thursday. The company expects the proposed transaction to be completed in the second half of calendar year 2008.

Microsoft said that its 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.

Yahoo! described Microsoft's proposal as "unsolicited" and said that its Board of Directors will evaluate this proposal carefully and promptly in the context of Yahoo!'s strategic plans.

"We have great respect for Yahoo!, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market," said Steve Ballmer, chief executive officer of Microsoft. "We believe our combination will deliver superior value to our respective shareholders and better choice and innovation to our customers and industry partners."

Microsoft is feeling increasing pressure to compete with Google, which plans to beef up its portfolio with a $3.1 billion purchase of online advertising company DoubleClick.

Microsoft currently trails both Yahoo and Google in the lucrative and growing business of Web search.

"The combination will create a more efficient company with synergies in four areas: scale economics driven by audience critical mass and increased value for advertisers; combined engineering; operational efficiencies through elimination of redundant cost; and the ability to innovate in emerging user experiences such as video and mobile," microsoft said. Te company believes these four areas will generate at least $1 billion in annual synergy for the combined entity

Microsoft has developed a plan and process that will include the employees of both companies to focus on the integration of the combined business.

Microsoft believes this proposed combination would receive all necessary regulatory approvals and expects that the proposed transaction would be completed in the second half of calendar year 2008.


Previous
Next
Microsoft Confirms DirectX 10.1 in Vista Service Pack 1        All News        Optiarc BC-500A Review
Google Fires Back at Microsoft's Bid to Acquire Yahoo     General Computing News      RapidShare Hit by German Ruling Over Copyright

Get RSS feed Easy Print E-Mail this Message

Related News
Microsoft's Profit Hurt By Nokia Acquisition, Plans Unified OS
Yahoo to Buy Flurry to Strengthen Mobile Products
Microsoft Is Shutting Down Xbox Entertainment Studios
Microsoft To Eliminate 18,000 Jobs
Microsoft To Take EU 'Right to be forgotten' Requests
Yahoo 2Q Revenue Fall
Microsoft To Announce Job Cuts
Microsoft To Take On Chromebooks with $200 Windows Notebooks
Yahoo To Stream Concerts For Free
Microsoft's Nadella To Announce Company Sharkeup
Microsoft Patches IE In Latest Security Updates
Microsoft's Smartwatch Rumored For October Launch

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .