Microsoft has offered to buy Yahoo! for $44.6bn (£22.41bn) in an apparent bid
to strengthen its hand against Google for the growing online advertising market.
The cash and shares offer prices Yahoo! 62 per cent above its common-stock
price at the time of the bid. Yahoo! prices subsequently soared following the
news.
Steve Ballmer, chief executive officer of Microsoft, said: “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."
Ray Ozzie, chief software architect at Microsoft, said: “Yahoo! has played a
pioneering role by building compelling, high-scale services and infrastructure.
"The combination of these two great teams would enable us to jointly deliver
a broad range of new experiences to our customers that neither of us would have
achieved on our own.”
Berkshire, Reading, United Kingdom | Foster Wheeler
PDS/PDMS Administrator Foster Wheeler is a leading international project management, engineering and construction organisation with global construction capabilities working on major projects within upstream oil & gas, midstream & LNG, refining, petrochemicals & chemicals, pharmaceuticals ... more >
Are you stuck in a dead end job? Do you want to take control of your salary, life and career? Advent IT and computer training offers advanced, professional training and helps you find the right ... more >
Are you stuck in a dead end job? Do you want to take control of your salary, life and career? Advent IT and computer training offers advanced, professional training and helps you find the right ... more >
Project Manager - £ Competitive - London About BP Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. ... more >More job opportunities
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