“Microsoft has offered by buy Yahoo! for about $44.6 billion in a mix of cash and stock. And, as the New York Times reports, ‘If consummated, the deal would redraw the competitive landscape of the Internet consumer services business, where both Microsoft and Yahoo have struggled to compete with Google.’”
My news came from MorningNewsbeat.com, the source from which I usually read about the retail and food marketing landscape…but this came in with the newsletter and its nuts! Indeed Microsoft, who was used to ruling the universe has been having to come to terms with Google’s impending ruler- of-universe take over…and while Yahoo used to be THE go-to place for hip, fun inter-webbing, that hasn’t been the overwhelming truth for a while now (and even though they were in a position to deny Microsofts bid for takeover last year, this year the same outcome may not be in the cards, as Microsoft is offering $31/ share, which is a 62% premium to Yahoo’s closing price Thursday.)
Huge.
Seeing as how Yahoo’s shares have lost about 40% of their value over the past three months, it will be interesting to see how fast they consider the proposal and come up with a decision. I wonder if it will pass by the anti-trust restrictions posed on Microsoft from back in the day when they were fighting with God for the position of ruling entity of the people. In my HUMBLE opinion, it will get a LOT of fighting, and I will be a very surprised young lady if the deal is allowed to go through.
More information in a more educated and business-y (read: stuffy and formal) tone can be found here.