Microsoft to Pay $31 Per Share for Yahoo, Totaling $44.6 Billion in Cash and Stock
Friday, February 01, 2008
REDMOND, Wash. — 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.
Microsoft bid $31 per share for Yahoo, representing a 62 percent premium to Yahoo's closing stock price Thursday.
