Friday, February 1, 2008

Let's Make a Deal!

Microsoft has made a bid to purchase Yahoo for 44.6 Billion! This could be the acquisition of the year. The purchase price of 44.6 billion values Yahoo shares at $31 a share. Yahoo stock closed on thursday trading at $19.18. Yahoo stock is up 59% in after hours trading while Microsoft is down 5%. Microsoft has been looking for ways to compete with rival Google for search users, and this acquisition would help them gain some ground. Google is down 8% in after hours trading.

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