Microsoft buys Yahoo ?

It’s all over the news:

Microsoft Makes $44.6 Billion Bid for Yahoo

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.

Source:Pedro and Hugo

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