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Friday, February 01, 2008

Microsoft bid for Yahoo! for $44.6 billion

If this bid becomes success, then it can become one of the largest technology merger and this can become a big threat to Google.
Yahoo Inc, on Friday acknowledged the receipt of an unsolicited acquisition proposal from Microsoft Corp. and said its board plans to 'carefully and promptly' evaluate the offer.

Microsoft's proposal would allow Yahoo shareholders to elect to receive cash or a fixed number of Microsoft common shares, with the total consideration payable to Yahoo shareholders consisting of one-half cash and one-half Microsoft common stock.

Microsoft and Yahoo are estimated to have about 10,000 employees in India, collectively. With Microsoft today making a 44.6 billion dollar takeover bid for acquiring worldwide operations of Yahoo, it could not be immediately ascertained, what would be the impact of such a deal on India operations of the two companies, including on the job front.

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