Seeking to reshape the online landscape andwith a single bold stroke, Microsoft has made a US$44.6 billion unsolicited bid to buy struggling portal Yahoo create a serious challenger to Google.
The offer -- shareholders can choose either cash or the equivalent amount of Microsoft stock -- valued Yahoo at $31 per share, a 62 percent premium over the stock's closing price on Thursday. Yahoo shares surged 44 percent higher in Friday morning action to $27.75. Microsoft shares were down more than 6 percent to $30.52.
The surprise bid may be a sign of how eager Microsoft is to match up with Google. If it lands Yahoo, Microsoft would instantly gain a sprawling Web empire that draws hundreds of millions of users from around the world as well as partnerships with advertisers. There would also be significant overlap: Both Microsoft and Yahoo offer Web mail, instant messaging, search engines and other Web services.
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