Saturday, February 2, 2008

Microsoft Eyeing to buy Yahoo! !!

Microsoft Friday made an unsolicited takeover offer of $44.6 billion for Internet portal Yahoo in a bold bid to leapfrog Google as the dominant player in the fast emerging Internet advertising market.

Yahoo's senior executives and board of directors played coy, issuing a statement that the company "will evaluate this proposal carefully and promptly in the context of Yahoo's strategic plans and pursue the best course of action to maximize long-term value for shareholders."
"We've made a great offer to Yahoo shareholders and we respect the fact that their management and board have a lot to consider," said Kevin Johnson, Microsoft's president of platform and services, in an interview. "Our strong preference is working collaboratively with Yahoo."

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