This day has come my friends. Microsoft just offered to buy Yahoo! for $44.6 Billion, or $31 a share. According to the press release:
Microsoftâ€™s proposal would allow the Yahoo! shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the total consideration payable to Yahoo! shareholders consisting of one-half cash and one-half Microsoft common stock. The offer represents a 62 percent premium above the closing price of Yahoo! common stock on Jan. 31, 2008.
This could be huge and really shakes up the search industry. Go for it Yahoo! !!!