The BBC website reports that Microsoft have made an offer to buy the search engine company Yahoo for $44.6bn (£22.4bn) in cash and shares.
The offer was 62% over Yahoo’s current closing share price. Yahoo cut its revenue forecasts earlier this week and said it would have to spend an additional $300m this year trying to revive the company.
Yahoo has continued to struggle in the past few years, finding it more and more difficult to compete with Google, which has also been a competitor to Microsoft.
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