Microsoft offers to acquire Yahoo for $44.6 billion

Microsoft Corp. Friday offered to acquire Yahoo Inc. for approximately 44.6 billion U.S. dollars. In a statement posted on its website, Microsoft said it has made a proposal to Yahoo’s Board of Directors to acquire all the outstanding shares of the search company’s common stock for 31 dollars a share.The offer represents a 62 percent premium above the closing price of Yahoo common stock on Thursday.