Microsoft offering to buy Yahoo

A screenshot of the news on Yahoo News

Yep you read right. The big M is offering to buy Yahoo in order to challenge (who else but) Google's dominance in the Internet search services and advertising. According to Bloomberg, Microsoft made a made an unsolicited USD44.6 billion offer for Yahoo! Inc and Yahoo has actually responded that they are evaluating the offer 'promptly'.

Considering that Google has dominated the Internet search and advertising market in the last few years, it isn't actually surprising that Microsoft would take action to stem their dominance. This offer for Yahoo however, is a bigger action taken than Microsoft than I expected.

We'll keep things updated here on this ongoing development so stay tuned for more.

Sourced from AFP and Bloomberg.