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| | | | Microsoft wants to purchase Yahoo |  Sun Feb 03, 2008 6:22 pm by Admin | Microsoft has offered to buy the search engine company Yahoo for $44.6bn (£22.4bn) in cash and shares.
The offer, contained in a letter to Yahoo's board, is 62% above Yahoo's closing share price on Thursday.
Yahoo cut its revenue forecasts earlier this week and said it would have to spend an additional $300m this year trying to …
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| New cable cut compounds net woes | | Sun Feb 03, 2008 2:18 pm by Admin | A submarine cable in the Middle East has been snapped, adding to global net problems caused by breaks in two lines under the Mediterranean on Wednesday.
The Falcon cable, owned by a firm which operates another damaged cable, led to a "critical" telecom breakdown, according to one local official.
The cause of the latest break has not been confirmed but a repair ship has been …
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