Microsoft has launched an audacious $44.6bn (£22.4bn) bid for internet rival Yahoo in a deal designed to create an online advertising powerhouse to rival market leader Google.
Microsoft, which came late to the internet advertising market, is offering Yahoo shareholders $31 a share in a combination of cash and its own stock. The deal would rank as one of the largest dotcom takeovers since AOL and Time Warner merged at the height of the tech stock boom...Full Story..Here
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