After much speculation last year, Microsoft has officially made a bid for Yahoo, the increasingly beleaguered web giant. Reuters reports that Microsoft has offered to pay $44.6 billion (£22.4 billion) to seal the deal.
Microsoft has been repeatedly linked with Yahoo and is offering to buy its search rival for $31 per share, a price that’s 62 per cent above Yahoo’s NASDAQ share price at the close of trading on Thursday.
Friday, February 1st, 2008
Nokia Corp. has agreed to buy the digital mapping company Navteq for US$8.1 billion, supporting a plan to add navigation capabilities to more of its devices.
The acquisition, announced Monday, also helps Nokia to grow the services side of its business at a time when profits from mobile phones are being squeezed.
Navteq provides the digital maps behind Mapquest Inc. and other online services, as well as for navigation systems from Garmin
Friday, February 1st, 2008
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