Microsoft Swoops In on Yahoo

The software king, with its $44.6 billion bid for the portal, wants to catch Google in the ballooning online ad market

Concluding that neither company can successfully take on Google by itself, Microsoft (MSFT) launched an unwelcome takeover bid for Yahoo (YHOO). Microsoft said Feb. 1 it will pay $44.6 billion, or $31 a share, for Yahoo. The offer represents a 62% premium over Yahoo's closing share price Jan. 31.

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