Microsoft Puts Up $44.6 Billion Bid To Buy Yahoo

Washington (dbTechno) - Microsoft Corporation has announced that they have proposed $44.6 billion to take over the internet giant Yahoo.

Yahoo shareholders, under the deal which has been proposed by Microsoft, would be able to take cash in the sale of Yahoo to Microsoft, or shares of Microsoft stock.

The proposal on the table from Microsoft would give shareholders a 62% premium over the current Yahoo market value, which is quite impressive.

Microsoft CEO Steve Ballmer stated “We have great respect for Yahoo, and together we can offer an increasingly exciting set of solutions for consumers, publishers, and advertisers while becoming better positioned to compete in the online services market. We believe our combination will deliver superior value to our respective shareholders and better choice and innovation to our customers and industry partners.”

Microsoft would have to have the proposal approved first by Yahoo, and then by regulatory commissions, which would be no small task.

Microsoft would gain a great deal from the acquisition though including Yahoo services such as Flicker, Yahoo Mail, the Yahoo internet search engine, and much more.

Together, Microsoft and Yahoo may actually have a chance to try and compete with Google.