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Microsoft buys Yahoo for $44,6 billion
2 February 2008Software developer Microsoft has offered to get Yahoo! Inc. for 44,6 billion dollars. As it has been informed in the company’s press release, corresponding offer has been directed to Yahoo board of directors.
Popular Internet-portal Microsoft offers to pay 31 dollars for each owner share, what is on 62 % above the market price of Yahoo! Inc. at the moment of closing the tenders on NYSE on January, 31st, 2008 (19,18 dollars). Bill Gates’ company offers Yahoo! Inc. shareholders to exchange the shares either for cash, or Microsoft shares. The general sum of the transaction will be half paid in shares, and half - in cash.
Microsoft expects that synergetic effect in case of successful merge will make 1 billion dollars a year.
Corporation Microsoft, created in 1975, is the world leader in software manufacture, granting of services and development the Internet-technologies for personal computers and servers. The company offers a wide spectrum of software products for the business and personal application, called to expand an opportunity of the person due to use of the modern software. In I the half-year 2007-2008, which has come to the end on December, 31st 2007, net profit of Microsoft Corp. has grown on 47,5 % and has made 9 billion dollars.
Net profit of American Internet-company Yahoo! Inc., owning one of the search portals most popular in the world, has decreased on 12 % - up to 660 million dollars, and the proceeds have grown on 9 %.
- Yahoo board of directors has refused from the transaction with Microsoft
- Yahoo! is ready to merge, but it requires to increase the sum of transaction
- Microsoft can start hostile merge with Yahoo already today
- Yahoo and Google are measured to resist Microsoft
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