Microsoft Targets Yahoo with $44.6 Billion Offer
STEVE INSKEEP, Host:
Even as the candidates raise and spend millions of dollars, we're following news today of a business deal that would be worth billions - even tens of billions of dollars. Microsoft is making an unsolicited bid to buy Yahoo. It's offering $44.6 billion for the Internet company. And that's a move that comes at the end of a tough week for Yahoo. The company's been trailing Google, its main rival, in the competition for online advertising dollars. And yesterday, Yahoo's chairman stepped down under pressure from shareholders. But now Microsoft is offering to buy its stock at a big premium in order to compete with Google together.
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