Microsoft to Buy Yahoo for $44.6 Billion

[Xion]

Holy shit.

Link: HERE (http://business.timesonline.co.uk/tol/business/industry_sectors/technology/article3288281.ece).

Microsoft to buy Yahoo! for $44.6bn
Microsoft has tabled a $44.6 billion bid to buy Yahoo! in biggest internet deal since the dot.com crash.
Steve Hawkes

Microsoft has tabled a $44.6 billion bid to buy Yahoo! just days after the internet search group announced plans for its biggest round of job cuts since the dot.com crash.

Microsoft announced the terms of the proposed acquisition today and said it was confident of delivering up to $1 billion in cost-savings.

The move comes just hours after Microsoft was said to have approached Yahoo! about opening negotiations for a “friendly takeover”. It is understood that Goldman Sachs is advising the US computer giant.

A deal would mark one of the largest takeovers in American corporate history, and the largest in the technology sector.

Microsoft said its offer valued Yahoo! at $31 per share and was a 62 per cent premium to Yahoo!'s closing price on Wall Street last night.

This is huge, especially for those of you who own 20,000 shares in Yahoo. :P

[The Black Knight]

Wow....must be part of the Google competition.

[Purgatory]

Something tells me there's a catch to this..

[Ichiban-nin]

I wouldn't be surprised to see Yahooers getting some 'technical difficulties' after Microsoft modifications. :LOS

[Denji]

One more body is absorbed into the Evil Empire.:awesome

[~HellRazer~]

MS Is serious buisness :pek.

[GottSein]

Google is gonna be fucked now. Microsoft will make thier computers have the yahoo home page not google :S

[Tleilaxu]

Monopolies are BAD why do people allow this stuff to happen, competition makes sure prices stay low and the product is good.

[kash3d]

MS needs this to prevent Google OS takeover.

[Shark Skin]

Monopolies are BAD why do people allow this stuff to happen, competition makes sure prices stay low and the product is good.
Because the government is so damn laid back about it. I mean just look at what has happened with phone companies. The government breaks them up, but then they let them come together again. You have to stop it before it becomes a major problem.

[* DARK LORD *]

and google is going to buy nf by 4 million dollar

[Grimmjow]

man that is insane

[erictheking]

Monopolies are BAD why do people allow this stuff to happen, competition makes sure prices stay low and the product is good.

What prices? Who pays for a search engine service? And Microsoft and Yahoo aren't competitors in an important sense.

[desjr]

Interesting.Thats alot of money there.Just shows me how rich Mircrosoft is.

[fireofthewill]

Monopolies are BAD why do people allow this stuff to happen, competition makes sure prices stay low and the product is good.

Umm, maybe because it's not a monopoly. There are definitely going to be hearings about this but it's doubtful that they'll prevent Microsoft from doing this. After all, if any search engine is a monopoly, it's google, which commands over 50% of the market, and most of that was due to product ingenuity, so the government can't do much about it or else they'll discourage ingenuity.

Microsoft has a pretty poor share of the market right now and even with the takeover, I think they'll only control about 30% of the market power, which is still significantly above google. I'm not sure if this is true, but I think it's better to have 2 large companies rather than 1 huge company, and many small companies, since the huge company will be able to have much more control since the other small companies can't coordinate as well.

[Blue_Panter_Ninja]

We all know,how M$ fucked up the WWW with IE:cry

[Lawliet]

moar proof of microsoft's blatant superiority. they'll get broken up soon, then magically reform just like atnt

[Juanita Tequila]

Clearly, Microsoft wants to take over the world. :zaru