I just woke up to see on Squawk Box that Microsoft has offered to buy Yahoo! for $44.6 billion or $31 per share – a 62% premium – wow! Considering that Yahoo! stock is down at $18, a $31 offer is pretty serious for Yahoo! to ignore. The Squawk Box analysts on the TV are saying that there’s almost no way for Yahoo! to be able to not take the Microsoft offer – hostile as it is.
As a long time Yahoo! Mail user (and no big fan of Hotmail), the Microsoft offer gives me pause as to what they’ll do with the property. Assuming they get Yahoo!, I can only hope that they’ll make it better. Mahoo! anyone?