Microsoft Bids for Yahoo $44.6 Billion
Yes,It’s official now, Microsoft said Friday that it maid unsolicited $44.6 billion cash and stock bid for Yahoo, or $31 a share, in a mix of cash and stock.

The offer represents a 62 percent premium over Yahoo’s closing stock price of $19.18 on Thursday. Microsoft’s statement said the offer allows Yahoo shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the software giant’s offer consisting of one-half cash and one-half Microsoft common stock.

Despite their heavy investments in online services, both Yahoo and Microsoft have watched Google extend its dominance over Internet search and the lucrative online advertising business that goes along with it. Yahoo investors, however, remain skeptical. The company’s shares have slumped and before the bid were trading at levels not seen in more than three years.

What next?, Will Google also bid for Yahoo?….