The mini-borg (google is now the borg) has apparently offered $44.6
billion for Yahoo. The two companies have been in discussion since 2006, and the move seems to be a direct attempt at countering the threat from Google.
The offer represents a 62% premium over yesterday's closing price, so shareholders will be rejoicing everywhere! Pity yours truly no longer owns any YHOO.
I assume the impact of this move will help Microsoft better define it's struggling online business, as they've never been able to be very successful with the various MSN and Live offerings.
Watch this space for more info on the merger.
More here.
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