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Friday, February 1, 2008

Microsoft Offers $44.6B for Yahoo

Microsoft has come up with an unsolicited takeover offer of $44.6 Billion in its boldest bit to challenge the Google Inc. The surprise offer of $31 per share, made late Thursday and announced Friday, seizes on Yahoo's weakness while Microsoft tries to muscle up in a high-stakes battle with Google likely to define the technology landscape for years to come.In a statement Friday, Yahoo said it will "carefully and promptly" study Microsoft's bid. "This is a decision we have -- and I have -- thought long and hard about," Microsoft Chief Executive Steve Ballmer said. "We are confident it's the right path for Microsoft and Yahoo."In a letter released Friday, Ballmer pointedly noted"A year has gone by, and the competitive situation has not improved".The fate of Yahoo's brand also is unclear if Microsoft takes over. Both Ballmer and Kevin Johnson, president of Microsoft's platforms and services division, hailed Yahoo's strong brand value but didn't commit to keeping the name alive.

Entertainment Quiz:
(Try answering if u r interested)

1. Do you know the Tamil actor who rejected the "Padma Sri" award?
2.
Tamil cinema jumble... A different try.

Unscramble the 4 words(could be Tamil cinema actors or actresses) to fill in the boxes. Now unscramble the circled letters to answer the riddle at the bottom.

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