Microsoft Courts Yahoo with $44.6 Billion Deal
Microyahoo? Yamicrohoo? Yamoo?Yahoo shareholders are feeling a lot better today thanks to a buyout offer from Microsoft. Larry Dignan at ZDNet says the Redmond software overlord has offered $31 a share -- a massive 62 percent upgrade over Yahoo's Jan. 31 closing price.
To paraphrase Kevin from "The Office" -- If someone gives you a 62 percent premium on anything, you take it. (And if John Mellencamp wins an Oscar, I, too, will be a very rich dude.)
Sidenote: Buried in the buzzword-laden Microsoft proposal letter is a laugh-out-loud sentence:
"It is our view that Microsoft has significant potential upside given the continued solid growth in our core businesses, the recent launch of Windows Vista, and other strategic initiatives."Wow. Vista. Way to romance 'em, guys.
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