Microsoft is offering an ‘unsolicited’ bid to buy Yahoo for 44 Billion Dollars, as reported on CNet today. The offering comes out to about $30 per share… not bad for share holders who’s stock was just worth $15 yesterday on the stock exchange.
I have to admit I am only a little surprised by this. Our recent SharePoint training gave me a better knowledge of Microsoft’s wanting to be THE player in ‘searching’. Additionally we all know the major search competitor is Google, and how else for MS to better position themselves to compete but to keep acquiring their competition. I thought it was just a matter of time before they would buy someone. The catch I never thought it would be someone as well known as Yahoo.
Granted the deal isn’t done, this is just an offer, and Yahoo hasn’t agreed. This will be an interesting story to follow.