It’s all over the news:
Microsoft said Friday that it would offer $44.6 billion for Yahoo, the ailing search giant. The surprise offer of $31 a share represents a 62 percent premium to ThursdayÂ’s clsoing share price. Yahoo shareholders could elect to receive either cash or stock.
“This proposal represents a compelling value realization event for your shareholders”, Steven A. Ballmer, MicrosoftÂ’s chief executive, said in a letter to YahooÂ’s board sent Thursday.
My take? Now there’s no excuse for EU blocking on the Doubleclick acquisition by Google. Tough competition ahead.