Microsoft Proposed Acquisition of Yahoo!

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On February 1, 2008 Microsoft announced that it had made a proposal to the Yahoo! Board of Directors to acquire Yahoo! for $31 per share in cash and stock, representing a total equity value of approximately $44.6 billion (based on share prices as of January 31, 2008). Microsoft’s proposal, which represents a 62 percent premium above Yahoo!’s closing stock price on January 31, 2008, would create a more competitive company while providing superior value to shareholders and better choice and innovation for customers and partners.

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