Microsoft's offer to Yahoo's board 30.11.1999 / Internet InfoWorld - In a letter to Yahoo's board, Microsoft CEO Steve Ballmer offered to acquire the company for a per-share price of $31 in cash or 0.9509 of a share of Microsoft common stock -- a 62 percent premium above the Jan. 31, closing price of Yahoo -- and cited the broad range of ways in which the companies might work together to create a more effective competitor in the online marketplace.
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