Microsoft to Buy Yahoo for $45 Billion
In earth shaking news this morning “Software giant makes cash and stock offer of $31 a share, a 62% premium from Yahoo’s closing price on Thursday.“, reports CNNMoney.com. Microsoft made an offer for nearly $45 BILLION cash and stock to acquire Yahoo. The deal would pays Yahoo a premium of 62% per share, bringing the price to $31 a share. Steve Ballmer, Microsoft’s chief executive, called the move the “next major milestone” for the software giant.
In the war against Google, I always thought this was the best move… and have been waiting forever for it to happen. With Yahoo’s stock and earnings numbers struggling so much, now was the time for Microsoft to make the move. How you think this will effect affiliate marketing or search engine promotions of offers? Will the team up of Microsoft and Yahoo be enough to hurt Google in the search engine wars?
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