"You can't build a reputation on what you're going to do." Henry Ford
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.