Microsoft bids £23 billion for Yahoo

It was reported today that Microsoft has launched a £23 billion bid for Yahoo inc. Yahoo, owns the busiest website in the world but its primary source of revenue, advertising not doing as well as the stock market expected, this led to Yahoo stock losing value.

Microsoft bid values Yahoo more that what its actually worth on the stock market. City is expecting to hear from Yahoo boards to see if they will recommend the bid to their shareholders.

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