Microsoft sets sights on Yahoo! Inc.

Microsoft has made a proposal to acquire Yahoo! Inc. It’s all just speculation at this point; according to Download Squad, Yahoo!’s Board of Directors is evaluating the offer, while stock in the company initially jumped 60% in reaction to the news.

Stay tuned… (Yahoo! press room is here, Microsoft press room is here).

Update: Yahoo! rejects Microsoft’s proposal; reportedly in talks with AOL and News Corp.

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This entry was posted on Friday, February 1st, 2008 at 7:21 am and is filed under Internet. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Microsoft sets sights on Yahoo! Inc.”

  1. Bluebeetle(one) Says:
    February 3, 2008 at 5:51 am | Reply

    Indeed only shareholders have something to win from Micro$oft-Yahoo! merge.

    This is really a bad news for the web & for Yahoo! employees (many of them will be “sacrified” in the name of
    “eliminating redundant infrastructure and duplicative operating costs”)
    ;o(

    Money can’t buy everything (in this case Love & Admiration of Internet users).

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