Following the announcement of the intention of Microsoft to buy Yahoo!, latest share price rose by 61% ( $ 30.8 ).
Cost of Microsoft shares fell to $ 31.85 per share, compared with their value the day before.
The deal, if approved by the Board of Directors Yahoo!, Microsoft will not only save up to $ 1 billion a year, but also offer new high-quality services for consumers and advertisers. Combining the two corporations will also compete for market dominance of online advertising.
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