Microsoft Makes $44.6 Billion Bid For Yahoo
Microsoft, following its unsuccessful bid a year ago, has made an unexpected and unsolicited bid for troubled Yahoo as it continues its efforts to compete with and/or topple (never happen) Google. In a statement Friday, Yahoo said it will "carefully and promptly" study Microsoft's bid. Even if the takeover doesn't happen, at least Yahoo will benefit from a 50 percent jump in its share price following the news.
Microsoft Chief Executive Steve Ballmer tells us, "This is a decision we have - and I have - thought long and hard about. We are confident it's the right path for Microsoft and Yahoo."