Springtime Budget-Busters -- Savings Experiment
Score a Great Deal During Memorial Day Sales -- Savings ExperimentIt is Yahoo! (NASDAQ: YHOO)'s own fault. The new management did nothing good for the company, and the share price kept falling. Now Microsoft (NASDAQ: MSFT) has offered a 66% premium to buy the internet portal. The combination would create a company with more visitors than any internet operation in the world.
The deal would also allow Microsoft to have over 30% of the search market in the U.S., based on comScore numbers. Google (NASDAQ: GOOG) has about 60%.
From the press release:
Microsoft has offered to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31, representing a total equity value of approximately $44.6 billion. Microsoft's 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. The offer represents a 62 percent premium above the closing price of Yahoo! common stock on Jan. 31, 2008.
Douglas A. McIntyre is an editor at 247wallst.com.
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Reader Comments (Page 1 of 1)
2-01-2008 @ 8:39AM
Nick said...
As an owner of MSFT, I wonder how long all these moves will take to make an impression of the stock. The performance has been dismal for all the years I've been involved, and perhaps there are better opportunites for investors than this. When are the shareholders going to realize some profit????