The world’s largest information technology company made an unsolicited offer of $44.6 billion for Yahoo just over a week ago. Since then Microsoft has lost over $37 billion on its market capitalization.
More than 50% shares of Yahoo had changed hands since then, purportedly in the hands of hedge funds.
Yahoo’s board is expected to reject this first offer.
Google was vocal to urge regulators to block this deal. Given Google’s number one position in advertising revenues, it may betray their worst fears of seeing their next two largest competitors combining forces.
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$28.52 (02/11/08)
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