Microsoft Proposes Acquisition of Yahoo!
Posted by gasusan2005 on 02/1/08 in Microsoft
Microsoft today announced that it has made a proposal to the Yahoo! Board of Directors to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31 representing a total equity value of approximately $44.6 billion. Microsoft’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.
For more information see Microsoft press release
Source: Microsoft press release
Written by gasusan2005 · Filed Under Microsoft
Tagged:
Did you like this post?
Share your vote!
(No Ratings Yet)
Leave a Reply