Google proposes to make its business deal with its rival Yahoo!.Two weeks back Yahoo! decided to sell ads along with its search results, to reject the offer from Microsoft with a $44.6 billion take over. Yahoo! felt the bid was too low and hence avoiding Microsoft’s  take over.

The tie-up between Google and Yahoo would also give a combined 80 per cent share in the search market.
Microsoft chief executive Steve Ballmer has threatened to launch a hostile takeover of Yahoo if the company did not go with the agreement.

Previously the bid was around $30 billion, Yahoo rejected the bid as it “substantially undervalues” the company and quoted for higher bidding. As a result the bid was raised to $44.6 billion. Still then Yahoo! was not satisfied. Struggling to get much higher bid.

Things might change between the 3 major companies due to the 2 weeks test of Yahoo! and Google on ad revenue.

Categories: IT sector
Tags: google, yahoo