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."
Ref : http://www.usatoday.com/tech/news/2008-02-01-microsoft-yahoo_N.htm