I've read of this a few weeks ago that Microsoft is bidding on Yahoo for millions of dollars - $44.6 Millions to be exact which will make share $31 each.
Per the Yahoo article by MICHAEL LIEDTKE, AP Business Writer:
In the most likely outcome foreseen by industry analysts, Yahoo will either begin negotiating the final terms of an amicable sale to or undergo a painful reorganization that would include relinquishing control of its search engine and a big piece of its advertising to rival .
If it's rebuffed, Microsoft has indicated it may try to override Yahoo's board and take its offer directly to the company's shareholders in a battle that could drag on through the spring.
Microsoft still has time to weigh its options because the deadline for nominating a different slate of Yahoo directors — a key weapon inSource: — isn't until March 13.Yahoo