Update 3: Yahoo Buying Musicmatch for $160 Million
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Yahoo Inc. is buying online jukebox provider Musicmatch Inc. for $160 million in a deal designed to broaden the Internet giant&#39;s appeal with the growing audience of consumers who buy songs off the Web.
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Microsoft Corp offered  to buy Yahoo Inc for $44.6 billion, in a bold bid to transform  two ailing Internet businesses into a worthy competitor for  market leader Google Inc.
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Microsoft Corp  has made an  unsolicited offer to buy Yahoo Inc  for $44.6 billion  in cash and stock, seeking to join forces against Google Inc   in what would be the biggest Internet deal since the  Time Warner-AOL merger.
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Confirming&#160;weekend rumors, Yahoo rejected on Monday&#160;Microsoft&#39;s $44.6 billion cash-and-stock offer, saying the unsolicited proposal substantially undervalues the company.In a statement, Yahoo said that its management team, along with financial and legal advisors, believe the offer doesn&#39;t reflect cash flow, earnings potential, or recent investments in its advertising platform.Further, Yahoo said its board would continue to&#160;evaluate other &quot;strategic options.&quot;&#160;[&#160;See related Special Report:&#160;Microsoft makes bid for Yahoo&#160;| Blog:&#160;&#160;Yahoo + Microsoft: What&#39;s love got to do with it?&#160; ]&quot;We remain committed to pursuing initiatives that maximize value for all stockholders,&quot; the statement said.Microsoft offered $31 per share on Feb. 1, which was a 62 percent premium over Yahoo&#39;s closing price the day before. Since then,&#160;Yahoo&#39;s stock has risen in value&#160;and was trading just above $29 on Monday morning.Yahoo&#39;s executives were rumored to have been searching for a buyer other than Microsoft. However, no buyer has emerged. Yahoo&#39;s latest moves mean that Microsoft may have make a more generous offer, or pursue a hostile takeover.Microsoft said it believes the acquisition of Yahoo would give it the engineering talent and resources to compete better with Google. While Microsoft and Yahoo have had some success with display advertising, Google has built a fortune on contextual text ads that appear during a search.
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The competition arrayed against Apple in the growing online music market is shifting. In a deal valued at US$160 million, Yahoo! announced today the acquisition of one-time Apple partner Musicmatch.
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Undeterred by the threat of hostile takeover, slumping Internet pioneer Yahoo Inc. completed an acquisition of its own Tuesday by buying online video service Maven Networks Inc. for $160 million.
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Yahoo has been trying to buy Facebook for a good while now, with the most recent rumored amount being for $1.62 billion. TechCrunch has obtained documents on Yahoo&#8217;s valuation of Facebook, and expected advertising revenue growth over the next 10 years. From TechCrunch: Leaked documents in our possession state that an early offer was $37.5 million for [...]
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In a bid to halt Google's growing dominance online, Microsoft has offered to buy struggling Internet giant Yahoo for $44.6 billion, an acquisition that would unite the world's most influential software company with the Web's most-trafficked site.
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Yahoo Inc. said Monday it would buy e-mail software maker Zimbra Inc. for about $350 million.
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Close watchers of the online music business no doubt noted yesterday&#39;s announcement of Yahoo!&#39;s (Nasdaq: YHOO) purchase of Musicmatch with interest.
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NEW YORK: Internet company Yahoo says it will buy privately held music software company Musicmatch for about $US160 million in a bid to bolster its online music services.
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Musicmatch Inc., a privately held Rancho Bernardo music software and services firm, is being acquired by Internet giant Yahoo for $160 million in cash.
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Yahoo, world&#39;s number one website, announced its decision to purchase MusicMatch today for $160 million in cash. With this step, Yahoo hopes to attract more music listerners to its website.
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Technology giant Microsoft Corp said  on Friday that it had offered to acquire Internet media company  Yahoo Inc for $44.6 billion in cash and stock.
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Yahoo said today that it agreed to buy Web-based digital music and software provider Musicmatch, in a deal which will supplement the offerings of Yahoo's digital music site.
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Microsoft Corp made a  bid to buy Yahoo Inc for $44.6 billion in cash and stock,  seeking to join forces against Google Inc in what would be the  biggest Internet deal since the Time Warner-AOL merger.
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Company hopes the $160 million purchase will make it a major player in the music market.