Microsoft makes an offer for Yahoo

Microsoft has made a 44 billion dollars offer to purchase Yahoo!

"In a conference call, Microsoft's Kevin Johnson said that the combination of the two companies would create an entity that could better compete with Google."

"Yahoo confirmed that it has received an unsolicited offer and said that its board would evaluate the proposal, "carefully and promptly in the context of Yahoo's strategic plans and pursue the best course of action to maximize long-term value for shareholders.""

"Yahoo shares have fallen 46% since reaching a year-high of $34.08 in October. They opened 51.2% higher."

"Ultimately this corporate marriage was forced by the rise of Google, which has grown into a serious competitor for both Microsoft as a software company and Yahoo as an internet portal," said Tim Weber, business editor of the BBC News website.

"It is a shotgun marriage, but the person holding the shotgun is Google." "

You can read more about it here...