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Microsoft offered $9 bln for Yahoo stake

Discussion in 'General Discussions and Lounge' started by temi, Jun 15, 2008.

  1. temi

    temi Facilitator Webmaster

    Yahoo turned down the latest offer from Microsoft this week, it walked away from $9 billion (4.6 billion pounds) in cash and $1 billion a year in additional operating profit, Microsoft said on Friday. In an e-mail to employees, Microsoft platforms and services division president Kevin Johnson said it had offered $8 billion for a 16 percent stake in Yahoo and $1 billion to buy Yahoo's search business and assume its operations.

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