Reader Poll: Should Mr. Softee Buy Yahoo!

Friday, 1 Feb 2008 | 12:54 PM ET

Calling it the "next major milestone" for the company, Microsoft said Friday it made an unsolicited offer to buy Internet media giant Yahoo for $44.6 billion in stock and cash.

The hostile offer, if successful, is an attempt to join forces against Google in what would be the biggest Internet deal since the Time Warner-AOL merger.

Yahoo responded by saying its board will reviewing Microsoft's proposal in the "context of its strategic plans" and will "pursue the best course of action to maximize long-term value" for its shareholders.

Read More:

>Microsoft Sees Yahoo! As Key To Battling Google

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