The deal, which, at $31 a share represents a 62 percent premium on Yahoo shares, is an unsolicited offer, coming a year after Yahoo rejected a similar combination.It would be one of the largest technology acquisitions ever, and certainly the largest for Microsoft, dwarfing the company's $6 billion deal for aQuantive last year.
Under terms of the offer, Yahoo shareholders would receive cash or a fixed number of shares of Microsoft common stock, with Yahoo shareholders getting one-half cash and one-half Microsoft common stock. For its part, Yahoo said its board would "carefully and promptly" evaluate the offer.As for Google, the company isn't nervous about the potential combination. In an interview on FOX Business Network's Money for Breakfast, Tim Armstrong, president of North American advertising and sales at Google, said the company is "more nervous about making sure we stay focused ourselves than what the competition is." Jerry Yang might want a greater amount of money for stocks.
http://www.foxbusiness.com/markets/industries/technology/article/microsoft-offers-buy-yahoo-31-share_461142_12.html
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