Tuesday, February 05, 2008
Microsoft has lately sent a proposal to Yahoo! Inc board of directors to get entire outstanding shares of Yahoo common stock at the rate of $31 per share consideration, which comes about $44.6 billion on total equity value. Yahoo! Shareholders are permitted to choose and obtain cash from fixed number of shares of Microsoft's common stock along with entire deliberation payable to Yahoo! shareholders comprising of one-half cash and one-half Microsoft common stock. That is actually 62% of premium over the closing price of Yahoo! Common stock as on Jan 31, 2008.
"We have great respect for Yahoo!, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market," said Steve Ballmer, chief executive officer of Microsoft. "We believe our combination will deliver superior value to our respective shareholders and better choice and innovation to our customers and industry partners."
"We have great respect for Yahoo!, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market," said Steve Ballmer, chief executive officer of Microsoft. "We believe our combination will deliver superior value to our respective shareholders and better choice and innovation to our customers and industry partners."
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posted by power
@ 3:12 AM
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