The three biggest wire agencies reports on Microsoft’s bid on internet portal Yahoo:

Associated Press

Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.’s dominance of the lucrative online search and advertising markets.

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Agence France Presse

Microsoft Friday unveiled a hostile bid of 44.6 billion dollars for Yahoo in an effort to merge the world’s biggest software company with a major Internet player to take on the Google juggernaut.

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Reuters

Microsoft Corp made a bid to buy Yahoo Inc for $44.6 billion, seeking to join forces against Google Inc in what would be the biggest Internet deal since the Time Warner- AOL merger.

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The business news stories have the following leads on this “big” news:

Bloomberg

Microsoft Corp., the world’s biggest software maker, made an unsolicited $44.6 billion offer for Yahoo! Inc. to challenge Google Inc.’s dominance in Internet search services and advertising.

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Wall Street Journal

Microsoft Corp. on Friday went public with a $44.6 billion offer to buy Yahoo Inc., in a bold attempt to dramatically expand its online business and compete more effectively with Google Inc. in services ranging from email to Internet advertising sales.

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BusinessWeek

For all the reasons a Microsoft acquisition of Yahoo! doesn’t make sense, one factor trumped them all: a bargain. Early this morning, Microsoft made an unsolicited bid for the Internet pioneer for $31 a share, 62% higher than Yahoo’s closing price of $19.18 yesterday. Yahoo’s stock has fallen far enough that, even though Microsoft is offering $44.6 billion for a company the market valued at only about $25 billion (until now—the stock’s up about 50% this morning, for a market cap of $38 billion), it was too much of a steal to pass up.

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Here is how the world’s biggest TV news networks reported it:

CNN

Software giant Microsoft said Friday it had made an unsolicited offer to buy Internet search engine operator Yahoo with a cash and stock bid worth $44.6 billion.

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BBC 

Microsoft has offered to buy the search engine company Yahoo for $44.6bn (£22.4bn) in cash and shares.

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The respected New York Times reported it this way:

In a bold move to counter Google’s online pre-eminence, Microsoft said Friday that it had made an unsolicited offer to buy Yahoo for about $44.6 billion in a mix of cash and stock.

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Not everyone’s happy, including privacy watchdogs, according to PC World:

Privacy groups are promising a fight before U.S. regulatory agencies if Microsoft’s offer to buy Yahoo for $44.6 billion is accepted, and the deal could face significant hurdles in Europe as well.

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I expect exciting and emotional discussions in blogs and forums in the hours and days to come.

I just hope Yahoo survives whatever will be the outcome. Hehehe.