Microsoft's Bid For Yahoo Gets M&A Back On Track by ProQuest

VIEWS: 10 PAGES: 1

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.

More Info
To top