CTV.ca News Staff
Microsoft Corp. made a bold move Friday to take over Yahoo! Inc. If the deal goes through, the US$42 billion bid could help the software and technology company gain a major partner in its attempt to take on Google, which it has been trying to topple alone without success. The unsolicited offer was announced Friday in a letter to Yahoo's board of directors from Microsoft CEO Steve Ballmer. The offer is comprised of $31-a-share of cash or Microsoft stock, and was 62 per cent higher than Yahoo's Thursday closing price.
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