NEW YORK: Microsoft Corp said yesterday it has offered to buy Yahoo Inc, the popular Web portal, for US$44.6bil in cash and stock, seeking to join forces against Google Inc in what would be the biggest Internet deal since the Time Warner-AOL merger.
Microsoft offered to buy Yahoo for US$31 a share, a 62% premium over Yahoo's closing price on Nasdaq on Thursday. Yahoo shares jumped to US$30.75 in pre-market trading.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
