$20 Billion Microsoft-Yahoo deal

Posted on 03. Dec, 2008 by Allan Duncan in MSN, Yahoo

Microsoft is said to pay $20 billion to acquire the second’ top search engine Yahoo. The proposal forms the centerpiece of a complex transaction that would see Microsoft support a new management team to take control of Yahoo. But there is no plan of Microsoft tabling another takeover bid for the web giant, after its aborted $47.5-billion offer this summer,”

A report from Sunday Times says that ex-chairman and chief executive of AOL and a former president of Fox Interactive Media, have been lined up to lead the new management team.

The Sunday Times said that under the terms of the proposed transaction, Microsoft would provide a $5billion facility to the Miller and Levinsohn management team. The duo would raise an additional $5-billion from external investors. (more…)