Introducing Microhoo
Posted on February 2nd, 2008 by jj
It appears Microsoft has been in discussions with Yahoo! for the past 18 months about a proposed $44.6 billion acquisition, which was just publicly announced by Steve Ballmer.
Perhaps this is Microsoft’s attempt to directly compete with the GOOG for search marketing revenue.
From Alec Saunders’ Microsoft & Yahoo post:
CFO Chris Liddell gave an overview of the deal. It’s valued at $44.6 billion 50% in cash and 50% in equity, with .9509 Microsoft shares per Yahoo! share based on yesterday’s closing price. They expect to break even in the second full fiscal year.