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Thursday, 21 February 2008
"When you try to formalize or socialize creative activity, the only sure result is commercial constipation . . . . The good ideas are all hammered out in agony by individuals, not spewed out by groups."
Microsoft Corp. said on Friday that it had offered to acquire Yahoo Inc. in a proposed cash and stock deal valued at $44.6 billion.
Microsoft said that it had offered to buy Yahoo for $31 per share, which it said represented a 62 percent premium above the company's closing stock price on Nasdaq on Thursday.