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SAN FRANCISCO/NEW YORK (Reuters) - Microsoft Corp offered to buy Yahoo Inc for $44.6 billion, in a bold bid to transform two ailing Internet businesses into a worthy competitor for market leader Google Inc.
In what would be the biggest Internet deal since the ill- fated Time Warner-AOL merger, Microsoft sent a letter to Yahoo’s board on Thursday night to offer $31 per share in cash and stock.
The price is a 62 percent premium over Yahoo’s Thursday close, but only about a quarter of what the Internet company was worth at the height of the dotcom bubble in 2000.
Politics didn’t make people spend less time on social
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In the lead-up to the election, many social media users expressed growing exhaustion with the user experience due to the influx of political content. But those feelings of “election fatigue” didn’t cause most users to decrease their engagement on social.
According to a July 2020 Pew Research Center survey, 55% of US adult social media users said they were worn out by the number of political posts they saw on social platforms, up from 46% of respondents in 2019 and 37% during the 2016 US presidential election. Meanwhile, the share of respondents who liked seeing lots of political posts fell from 20% in 2016 to 15% in 2020.
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