Microsoft Proposes Acquisition of Yahoo! For $31 Per Share

Lots of stories breaking this morning about Microsoft’s offer to buy Yahoo! for $31 per share. According to the publicly released letter from Steve Ballmer to Jerry Yang, it looks like Yahoo! rejected an earlier Microsoft overture in February 2007.

With the troubles that Yahoo! has been having lately, including announced layoffs, this seems like a very attractive offer from Microsoft.


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