>REDMOND, US - MICROSOFT has offered to buy struggling Internet firm Yahoo for US$44.6 billion dollars (S$63 billion) in cash and stock, the technology giant said in a statement on Friday.
Microsoft said it had proposed 31 dollars per share to Yahoo's board of directors, 'representing a total equity value of approximately 44.6 billion dollars,' the statement said.
The offer represents a 62 per cent premium above the closing price of Yahoo stock on Thursday, it said. -- AFP
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