Microsoft Buys Yahoo!

by on 04/01/2009 in Business, Internet

In a long battle and now a victory, Microsoft will try to gain market share in the search business, the reality is finally here!

CEO – Steve Ballmer confirmed the purchase Tuesday at 10:49 PM PST for an estimated cost of 39 billion dollars. This is a far cry from the original offer of 44 billion. I guess it pays to wait for the perfect time to swoop in and take the bull by the horns.

Carl Icahn told the board to stop avoiding the issue and publicly offer to sell the company to Microsoft for $34.375 a share. It looks like Carl lost out on this deal.

I strongly think that both Microsoft and Yahoo need each other. Yahoo has sat on their hands for the last 3 to 4 years while Google has made major strides, with many great features for its fan base.

Microsoft has a lot of catching up as Google is now the #1 ranked web company according to Alexa.com.

Google has developed a lot of tools “us internet users” can use to improve our internet experience.

Read the entire press release here.

12 Responses to “Microsoft Buys Yahoo!”

  1. Simply Ridiculous

    Apr 1st, 2009

    Wow.. This was long overdue.. Microsoft had to make some inroads into the online world.. This is only way Microsoft can even think of giving stiff competition to Google.. Yet, they are a long way from giving Google a run for their money..

  2. […] Microsoft Just Bought Yahoo Microsoft Buys Yahoo! Posted 04.01.2009 by Frank J in Business, Internet, In a long battle and now a victory, Microsoft will try to gain market share in the search business, the reality is finally here! CEO – Steve Ballmer confirmed the purchase Tuesday at 10:49 PM PST for an estimated cost of 39 billion dollars. This is a far cry from the original offer of 44 billion. I guess it pays to wait for the perfect time to swoop in and take the bull by the horns. Microsoft Buys Yahoo! | TechJaws: Internet Security and SEO […]

  3. Jilli

    Apr 1st, 2009

    I think we all saw it coming just didn’t know when it would seal and deal.

    • Frank J

      Apr 1st, 2009

      Did you read the press release?

  4. Gennice

    Apr 1st, 2009

    LOL! Nice one! You almost got me! :D

    • Frank J

      Apr 1st, 2009

      LOL. I thought I would at least get a few people.

  5. […] blog TechJaws announced that Microsoft had finally acquired Yahoo. […]

  6. […] blog TechJaws announced that Microsoft had finally acquired Yahoo. […]

  7. […] blog TechJaws announced that Microsoft had finally acquired Yahoo. […]

  8. ben

    Apr 15th, 2009

    fantastic blog this is what ive been looking for cheers SEO

    • Frank J

      Apr 15th, 2009

      Ben,

      Thank you for the kind words!

  9. Hamming

    Jul 26th, 2009

    You just trick me. I thought it was real. I search for “microsoft buys yahoo” in Google and this page popped up. So, I clicked through it and found out that Yahoo is already taken over till I read the press release.

    Have to say, nice one.