Microsoft's announcement that it would like to buy Yahoo! for $44.6bn is major news for the technology sector. This is a closer-look at the giants.Microsoft
Founded in 1975, it now enjoys annual revenues of $51bn. The world's dominant provider of operating-systems, it has a market share of about 90%.
Earlier, the European-Commission launched new anti-competition investigations into the company. The Commission previously fined Microsoft a record 497-million euros for anti-competition practices in 2004.
Yahoo!
Founded in 1995, Yahoo! is led by chief executive Jerry-Yang. It is the world's second most popular search-engine, yet it trails far behind market leader Google. As a result, Yahoo's advertising-revenues are also far lower than Google's.
Yahoo! posted losses in 2007, and is continuing with job-cuts & cost reductions.
Via BBC
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