MS & Yahoo

Today’s big news is Microsoft’s unsolicited takeover bid for Yahoo! The $44.6 billion bid represents a 62 percent premium on Yahoo!’s closing stock price yesterday, which was impacted by Yahoo’s depressing earnings announcement, in which Yahoo! said it would layoff 1,000 workers to “re-accelerate” growth. For 2007, Yahoo! reported a net profit of $660 million, […]