Microsoft Offers Megabucks To Buy Struggling Yahoo
The Microsoft Corporation today announced that it has offered to buy all of Internet pioneer Yahoo!, Inc.’s outstanding shares, a bid worth around $44.6 billion, 62 percent above Yahoo!’s closing price on Thursday. Microsoft is seeking a bigger chunk of the online advertising market, which is predicted to grow from more than $40 billion last year to nearly $80 billion by 2010. Google, Inc., which currently has a lock on such advertising, stands to benefit most from this growth unless Microsoft and Yahoo!...