Microsoft Makes Hostile Bid For Yahoo
In a strike back at Google, Microsoft on Thursday launched a $44.6 billion hostile takeover bid for Yahoo, the New York Times reported. The move, which would unite two of the most iconic brand names of the 1990s New Economy, forming a new Internet behemoth.
The two companies reportedly considered merging in late 2006-early 2007, but Yahoo ultimately walked away from the table.
In a brief statement issued in response, Yahoo pledged to review the offer, “carefully and promptly in the context of Yahoo’s strategic plans.” No timetable was given for a response to the offer.