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More shady dealings at Circuit City, this time on Black Friday
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| Investor proposes Microsoft buy Yahoo for $22 per share |
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| Friday, October 10, 2008 09:15 | ||||||
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A small Yahoo investor proposed a new deal on Thursday to sell the company to Microsoft for $22 a share, a 74% premium to the Web pioneer's current stock price. Under the proposal by investment fund Mithras Capital, Microsoft would unload Yahoo's Asian assets and non-search businesses, extract $3 billion worth of cost savings and receive $2.8 billion of tax benefits, meaning the software giant would pay $10.3 billion for Yahoo's search business. Read the complete story here.
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