Big news from the business world. It was announced less then an hour ago and could have some real impact for the online world. They must have been pretty tight lipped about this offer, I was at Microsoft yesterday for an in-house meeting for msnbc.com and there was no buzz about this at all. Let's see what happens next!
Microsoft Corp. is offering $44.6 billion in cash and stock for search engine operator Yahoo Inc. in a move to boost its competitive position in the online services market.
The unexpected announcement Friday comes as Microsoft, the world's biggest software company, seeks new ways to compete more effectively against the search and online advertising powerhouse Google Inc.
Link: Microsoft offers $44.6 billion for Yahoo - U.S. business- msnbc.com.
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