Its about time that they stop playing around with those yahoo punks

This message has been edited. Last edited by: tonystark,

Where's the article??

quote:

Originally posted by TechRattler:


Where's the article??

Just type in Yahoo! into any news search engine. Its only been the biggest story in Internet media over the last 3 days.

what if google and apple team up since MS is swallowing up yahoo???

IT IS ON!!!!!! I am tired of Yahoo's bs. Bill has decide to take them out

NEW YORK (CNNMoney.com) -- Microsoft Corp. made an unsolicited $44.6 billion cash and stock bid for Yahoo on Friday, a deal that could shake up the competitive and lucrative market for Internet search.

In a statement, Yahoo acknowledged receipt of the offer and said its board would evaluate the proposal "carefully and promptly."

The deal would pay Yahoo shareholders $31 a share, which represents a 62% premium from where Yahoo stock closed on Thursday.

Microsoft's statement said the offer allows Yahoo shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the software giant's offer consisting of one-half cash and one-half Microsoft common stock.

Shares of Yahoo (YHOO, Fortune 500) shot up nearly 60% in pre-market trading on the news, while shares of Dow component Microsoft (MSFT, Fortune 500) tumbled 5%.

Both Microsoft and Yahoo have fallen far behind rival Google (GOOG, Fortune 500) in the lucrative field of Internet search. Yahoo's earnings and share of the online search market have badly trailed Google.

In a letter it sent to Yahoo's board of directors, Microsoft disclosed it had explored a Microsoft-Yahoo deal a year earlier, only to be rebuffed by Yahoo, which said at that time it was confident of the "potential upside" for Yahoo from operational changes it planned.

"A year has gone by, and the competitive situation has not improved," Microsoft CEO Steve Ballmer wrote.

Yahoo announced Tuesday it would lay off 1,000 employees by mid-February, citing what CEO Jerry Yang described as "headwinds" facing the company. It also reported lower fourth-quarter earnings that still beat Wall Street's now modest expectations for the firm, but it gave a 2008 revenue forecast that disappointed analysts.
Talkback: Is it time for Yahoo to sell-out?

But even Google has run into recent problems. After the bell Thursday it reported earnings that fell a penny a share short of forecasts. The company reported a slowdown in its fourth-quarter revenue growth, attributed partly to difficulty selling ads on social networking sites.

Google shares have fallen 24% since hitting a record high $747.24 in early November. But Yahoo shares have lost more than a third of their value over the same period.

Still, online advertising, particularly ads tied to Internet search, is by far the fastest growing part of ad spending. That's caused problems for traditional media, which have seen ad spending fall.

Microsoft said it projects the online advertising market to grow from over $40 billion in 2007 to nearly $80 billion by 2010.

In the letter to Yahoo's board, Microsoft said a tie-up would achieve economics of scale while allowing combined research and development efforts to achieve breakthrough products, particularly in the growing areas of online video and mobile Internet connections.

Microsoft said it intends to offer significant retention packages to Yahoo engineers, key leaders and employees across the firm. It said it believes the proposed combination would receive all necessary regulatory approvals and expects that the proposed transaction would be completed in the second half of calendar year 2008.

"We have great respect for Yahoo, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becomi