Apple Inc., maker of the iconic iPod and iPad, has more available cash than the United States government.
As of June 25, 2011, Apple boasts of cash reserves totaling $75.876 billion.
The Treasury Department of the U.S. government, on the other hand, reports a total operating balance of only $73.768 billion — around $2 billion less than what Apple owns.
Too cheap. That’s basically Yahoo!‘s response to Microsoft‘s unsolicited offer of $44.6 billion. Media reports are abound that Yahoo! is set to reject the world’s … Read More
If you’re Microsoft Corporation, what do you do to challenge Google’s dominance in the online advertising industry?
You acquire another search engine, albeit struggling, company such as Yahoo!.
That seems to be Microsoft’s plan when it submitted an unsolicited takeover bid of $44.6 billion.
The offer of $31 per share is a 62% premium to Yahoo! stock’s closing price on Thursday. Yahoo climbed $10.40 a share, or 54%, to $29.58 in premarket trading after the announcement.
