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Microsoft offers Yahoo purchase for US$44.6 billion
REDMOND Published in Saudi Press Agency on 01 - 02 - 2008

Microsoft Corp. offered to buy search engine operator Yahoo Inc. for US$44.6 billion (¤30 billion) in cash and stock in a move to boost its
competitive edge in the online services market.
Microsoft bid US$31 (¤20.85) per share for Yahoo,
representing a 62 percent premium to Yahoo's closing stock
price Thursday, the Associated Press reported.

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