Friday February 1, 6:42 am ET
Microsoft to Pay $31 Per Share for Yahoo, Totaling $44.6 Billion in Cash and Stock
REDMOND, Wash. (AP) -- Microsoft Corp.
offered to buy search engine operator Yahoo Inc. for $44.6 billion in
cash and stock in a move to boost its competitive edge in the online
services market.
Microsoft bid $31 per share for Yahoo, representing a 62 percent premium to Yahoo's closing stock price Thursday.
