Major Acquisitions - Yahoo Considering Microsoft’s $44.6 Billion Offer
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Microsoft, seeking to steal market share from Google, has made Yahoo an unsolicited takeover offer of $44.6 billion. The surprise offer will mean $1 billion more in Microsoft profits over the next year. The announcement caused a 50% increase in Yahoo stock, while Google declined 8%. This deal might turn nasty as a hostile takeover, if Yahoo continues to rebuff Microsoft. This time, however, the company agreed to consider the deal.
Read More: msnbc.msn
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