Microsoft bids $44.6 billion for Yahoo
C|Net | at | by Mike
Microsoft went public Friday with a $44.6 billion cash-and-stock bid to acquire Yahoo. In its response, Yahoo called the Microsoft bid "unsolicited" but did not reject it.
Microsoft's offer, which was contained in the letter to Yahoo's board, amounts to $31 a share and represents a 62 percent premium over Yahoo's closing price on Thursday. Microsoft said it will offer shareholders the option of cash or stock.