REDMOND, Wash. — Microsoft (MSFT) Friday made an unsolicited takeover offer of $44.6 billion for Internet portal Yahoo (YHOO) in a bold bid to leapfrog Google (GOOG) as the dominant player in the fast emerging Internet advertising market.
Yahoo's senior executives and board of directors played coy, issuing a statement that the company will "carefully and promptly" study Microsoft's bid.
"We've made a great offer to Yahoo shareholders and we respect the fact that their management and board have a lot to consider," said Kevin Johnson, Microsoft's president of platform and services, in an interview. "Our strong preference is working collaboratively with Yahoo."
http://www.usatoday.com/tech/news/2008-02-01-microsoft-yahoo_N.htm
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