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The U.S. Justice Department said it is "interested" in reviewing the antitrust implications of Microsoft Corp.'s proposed $44.6 billion purchase of Yahoo! Inc. [webmasterworld.com]
"The antitrust division would be interested in looking at the competitive effects of the transaction," said Gina Talamona, an agency spokeswoman in Washington.
Microsoft, based in Redmond, Washington, offered $31 per share in cash or stock for Yahoo, 62 percent more than Yahoo's closing price yesterday. Yahoo said today it will evaluate the proposal "promptly."