Microsoft offers 44.6B for Yahoo

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Microsoft offers 44.6B for Yahoo

Postby christopher_robin » Fri Feb 01, 2008 10:37 am ... soft_yahoo

The announcement lifted Yahoo's share price by almost 50 percent in morning trading, while Google fell almost 8 percent, dragged down by a fourth-quarter earnings report that missed Wall Street expectations.

In conference call Friday morning, Microsoft Chief Executive Steve Ballmer indicated he won't take no for an answer after Yahoo rebuffed takeover overtures a year ago.

"This is a decision we have â€â€

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