Microsoft offers $44.6 billion for Yahoo

Microsoft has made another offer for Yahoo, and this time they're serious. From Fox Business:

The deal, which, at $31 a share represents a 62 percent premium on Yahoo shares, is an unsolicited offer, coming a year after Yahoo rejected a similar combination.

It would be one of the largest technology acquisitions ever, and certainly the largest for Microsoft, dwarfing the company's $6 billion deal for aQuantive last year.

I would LOVE to see Google step in with an offer for Yahoo. It would get really ugly and really cool, really fast. At a minimum Google will challenge on anti-trust grounds.