Redmond, WA – Microsoft has offered to acquire Yahoo in a cash and stock deal valued at $44.6 billion.
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The deal, which, at $31 a share represents a 62 percent premium on Yahoo shares, would be one of the largest technology acquisitions ever, and certainly the largest for Microsoft.
The offer comes as older, more established tech giants like Microsoft and Yahoo struggle to the newer threats posed by Google, which dominates the online-search landscape.
Under terms of the offer, Yahoo shareholders would receive cash or a fixed number of shares of Microsoft common stock, with Yahoo shareholders getting one-half cash and one-half Microsoft common stock. [FOXBusiness]