Microsoft Corp. said Friday it has offered to buy YahooInc. for $44.6 billion in cash and stock to form a union of operating system and search engine giants that could better compete with Google Inc.
In a statement, the software giant said it had offered to buy the Sunnyvale, Calif.-based Yahoo for $31 per share in cash or 0.9509 of a Microsoft share, with the total payment divided evenly between cash and stock components.
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