Microsoft has offered to buy the search engine company Yahoo for $44.6bn 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 revive the company.

It has been struggling in recent years to compete with Google, which has also been a competitor to Microsoft.

If you would've asked me how I felt about this a couple years ago, I would've jumped on the anti-MS bandwagon with everyone else and worried that Microsoft would ruin Yahoo and her spin-offs, but today, Yahoo is the company that needs to be saved - and why not by Microsoft?