Microsoft has officially announced that it wants to acquire Yahoo for about $44.6 billion in cash

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(Continued) The RFS SEO Newsletter, Feb. 9, 2008. Page 3
As could be expected, Yahoo's stock dropped about seven percent in after-hours trading as sales guidance for 2008 was much lower than expected. Yahoo chief executive officer Jerry Yang, who replaced Terry Semel as CEO in June 2007, promised investors a 100-day review of the company shortly after taking over.

Feb. 2: Breaking up a rumor that has been going on for many months, Microsoft has officially announced that it wants to acquire Yahoo for about $44.6 billion in cash and stock. The transaction is expected to make Yahoo better compete with Google in the market for online advertising. In a letter to Yahoo's board of directors late yesterday, CEO Steve Ballmer made the offer, telling the board that he would officially release the letter Friday morning.

<<< Pr. page Next: It was Yahoo's board that first approached Microsoft >>>

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