Microsoft Corp. (NASDAQ: MSFT) today announced that it has made a proposal to the Yahoo Inc. (NASDAQ: YHOO) board of directors to acquire all the outstanding shares of Yahoo common stock for per share consideration of 31 USD (roughly 21 EUR), representing a total equity value of approximately 45 GUSD (around 30 GEUR).
Microsoft’s proposal would allow the Yahoo shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the total consideration payable to Yahoo shareholders consisting of one-half cash and one-half Microsoft common stock. The offer represents a 62 % premium above the closing price of Yahoo common stock on 31 Jan 2008.
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