Yahoo says to consider Microsoft's $44.6 billion offer

Posted by bink on February 1 2008, 11:35 PM. Posted in Financial MSFT.

Yahoo Inc confirmed on Friday that it had received an unsolicited bid from Microsoft Corp to acquire the company and that its board of directors would consider the $44.6 billion deal.

Yahoo said in a statement that its board would evaluate the proposal "carefully and promptly in the context of Yahoo's strategic plans and pursue the best course of action to maximize long-term value for shareholders."