VIEWS: 10 PAGES: 1 CATEGORY: Business & Economics POSTED ON: 5/27/2010
Apart from the ongoing consolidation in the financial services industry, January was an extremely slow month for mergers and acquisitions. That all changed quickly on February 1, however, with Microsoft's $44.6 billion bid for Yahoo. Microsoft's CFO, Chris Liddell, says the Redmond, Washington-based software company might borrow for the first time in its history instead of drawing down its entire $21 billion cash mountain to fund the cash portion of its offer. Microsoft agreed to pay a 62% premium to the market price to acquire Yahoo, which it hopes will help it challenge Google's dominance of the online search and advertising markets.
Pages to are hidden for
"Microsoft's Bid For Yahoo Gets M&A Back On Track"Please download to view full document