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.
- Mixed Economic News – With A Vengeance