Microsoft's offer, which was contained in the letter to Yahoo's board, amounts to $31 a share and represents a 62 percent premium over Yahoo's closing price on Thursday. Microsoft said it will offer shareholders the option of cash or stock.
"We have great respect for Yahoo, and together, we can offer an increasingly exciting set of solutions for consumers, publishers, and advertisers while becoming better positioned to compete in the online-services market," Microsoft CEO Steve Ballmer said in a statement.
Yahoo said in a responding statement that its board "will evaluate this proposal carefully and promptly, in the context of Yahoo's strategic plans, and pursue the best course of action to maximize long-term value for shareholders."
Your freakin Internet Service Provider? You are already paying for the damn thing.
*shrug* $20 is nothing. I spend more on dinner on a regular basis. $20 for ad free mail is more than worth it IMHO. If someone can point me to ad-free mail for less, I'm all ears.
Strange that you have to pay for less features.
Can't say the same for the red-and-yellow pulsating banner ads in Yahoo Mail. Oh and I can POP my Gmail for free. Can't do that with Yahoo mail unless I pay $20 a year. So, yeah, Yahoo you can suck it!
I have a Gmail account but don't use it, can't stand it because of the ads.
Um, post 17, dude.
Costs me $20 a year but I get EXACTLY what I want. Mail and NOTHING but mail. No ads, no weather map, nothing but my mail.
If Microsoft gets their grubby-little mitts on Yahoo they will probably do something like this:
http://www.youtube.com/watch?v=EUXnJraKM3k
Reminds me of this link -- "What if GMail had been designed by Microsoft?"