Big news this a.m. for …well… the whole Internet. From the New York Times:
Microsoft said Friday that it has made an offer to buy Yahoo for about $44.6 billion, or $31 a share, in a mix of cash and stock. [...] If consummated, the deal would redraw the competitive landscape of the Internet consumer services business, where both Microsoft and Yahoo have struggled to compete with Google.
More reaction from across the net here. Mashable offers up a new logo. Original press release at TechCrunch along with a snapshot analysis of what a “Microhoo” might look like. MediaPost takes a look at the advertising side. The WSJ reported almost a year and a half ago that Microsoft was interested in acquiring Yahoo, but merger talks went bust last May.