Friday, February 01, 2008

Microsoft places a whopping $44.6 billion takeover bid for Yahoo!

As Yahoo! is having a tough time with their steadily falling profits, people at Microsoft Corporation thought it is the perfect time for a takeover offer! By this offer Microsoft is hoping to increase their share in Internet search and advertising which is now dominated by Google. Google is gathering more grounds through their successful and effective search services and popular advertisement programs, namely Google AdSense and AdWords. By this offer Microsoft Corporation is aiming to bank upon the band name of Yahoo which is the second largest Internet search and advertising service online. Soon after the public announcement of this offer Yahoo's stock prices shoot up in the share market, on the other hand Googl'e share prices fell.

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