Friday, February 01, 2008

Microsoft just announced a $44.6 billion offer for Yahoo

According to ZDNET:
Microsoft CEO Steve Ballmer made the half-cash, half-stock offer in a brutal carrot-and-stick open letter to Yahoo!’s board of directors.

The Redmond giant appears to laying the groundwork for a hostile takeover if it comes to that. Ballmer writes that the board spurned an earlier attempt at acquisition in early 2007:

The compete letter can be seen here. (interesting read).
This is an interesting development, lets wait and see how it develops.