Microsoft Bids $44.6 Billion For Yahoo
Microsoft already took a 1.6% stake in Facebook for $240 Million last year. Now Microsoft shakes up the digital media landscape by announcing its $44.6 Billion bid for Yahoo.
The software giant announced this morning its intentions to bid $31 a share for struggling Yahoo.
“We’re very excited about today’s announcement,” Microsoft CEO Steve Ballmer said on the same call.
Ballmer called the move for Yahoo the “next major milestone in Microsoft’s company-wide transformation to embrace online services overall and invest in search and advertising”.
Furthermore Ballmer said he also wanted Yahoo management and employees to be excited about the deal.
He said he called Yahoo CEO Jerry Yang last night to discuss the proposal, something Microsoft has been thinking about for the last 18 months.
So the rumor that Bill Gates will be heading Microsoft’s Search strategy coming 2 years, might be true?!
What About You?
Would you like to see Microsoft take over Yahoo? Show us your thoughts in the comments below.
(Source: Ad Age)