Microsoft Announces Formal Bid of $44.6 Billion for Yahoo!

Steve Ballmer, Microsoft CEO, says, “We have great respect for Yahoo!, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market.”

“Today, the market is increasingly dominated by one player who is consolidating its dominance through acquisition. Together, Microsoft and Yahoo! can offer a credible alternative for consumers, advertisers, and publishers.”

It’s so funny to hear Microsoft complaining about a dominant force. Obviously, even if Yahoo! agrees to proposed terms, this deal won’t happen overnight. Google better lace up it’s boots, Bill Gates is not leaving without a fight and his consigliere Ballmer is about to go to the mattresses.

Source: onSmash