Microsoft Wants to Purchase Yahoo

Microsoft has offered to buy Yahoo for $44.6bn in cash and shares. The offer, contained in a letter to Yahoo’s board, is 62% above Yahoo’s closing share price on Thursday. Yahoo cut its revenue forecasts earlier this week and said it would have to spend an additional $300m this year trying to revive the company. It has been struggling in recent years to compete with Google, which has also been a competitor to Microsoft

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