Microsoft has proposed to Yahoo's Board Of Directors ,that Microsoft acquire all Yahoo shares for $31, which is currently estimated to be worth $44.6 billion. Yahoo shareholders would get either cash or Microsoft shares (0.9509 of shares per 1 Yahoo share), though the entire deal couldn't involve more than half payment overall in cash ($22.3 billion). The price is said by Microsoft to be 62 percent higher than what Yahoo shares went for as of the close of trading yesterday. Note that former Yahoo CEO Terry Semel has just stepped down chairman of the board, with existing board member Roy Bostock now stepping up.
