SAN FRANCISCO - Microsoft has offered to buy Yahoo! for $31 a share, or $44.6 billion. Microsoft's offer is 62 percent over Yahoo!'s Thursday closing price of $19.18 - down from $475 in January 2000, but up from $4 in September 2001.The combined company would be in a stronger position to compete with Google for Internet services and ad dollars, but surely will alarm antitrust watchdogs.
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