Just a brief clip on Yahoo News dated Feb. 1, 2008: Microsoft to Pay $31 Per Share for Yahoo, Totaling $44.6 Billion in Cash and Stock

Microsoft Corp. offered to buy search engine operator Yahoo Inc. for $44.6 billion in cash and stock in a move to boost its competitive edge in the online services market.


And here’s a Press Release with today’s date:

Microsoft Proposes Acquisition of Yahoo! for $31 per Share

REDMOND, Wash., Feb. 1 /PRNewswire-FirstCall/ — Microsoft Corp. (Nasdaq: MSFT - News) today announced that it has made a proposal to the Yahoo! Inc. (Nasdaq: YHOO - News) Board of Directors to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31 representing a total equity value of approximately $44.6 billion.


It’s hitting news sites one after another now.

From Fortune’s Daily Briefing

Microsoft’s letter to Yahoo further indicates that a year ago, Microsoft approached Yahoo’s board but was told that “now is not the right time from the perspective of our shareholders to enter into discussions regarding an acquisition transaction.” Given the plunge in Yahoo stock and the prospect of a damaging recession this year, if now isn’t the right time, it’s hard to imagine what is.
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