Friday, February 01, 2008

Microsoft buying yahoo

Microsoft Makes Bid for Yahoo -
Microsoft Makes Bid for Yahoo
February 1, 2008 7:32 a.m.

Microsoft Corp. Friday offered to buy Yahoo Inc. for $44.6 billion, a move designed to help both companies compete against industry leader Google Inc.

The approach, in a letter to Yahoo's board, comes as Yahoo continues to struggle against Google in the race for online-advertising revenue and Internet-search market share.