Now here's another story for a possible billion purchase of one giant company, Microsoft.
Yahoo was the first search engine that I love. When Yahoo said that they have to spend $300 million this year just to revive the company, Microsoft wrote the board and offered 62% above Yahoo's closing share price. Microsoft's Kevin Johnson said that the combination will better compete Google.
At Yahoo, there had been a lot of executive quiting their position and there had been an announcement of the intention to lay-off 1,000 staff as part of the company's restructuring plan. With Yahoo shares going down, it will definitely have to study Microsoft's offer in a close door meeting.
If this happens, what can be its name?
Here's more of the story. Microsoft wants to purchase Yahoo.