Microsoft has launched a $44.6bn bid for internet rival Yahoo in an attempt to create an online search and advertising group that can rival Google. By Richard Wray
Vic Keegan: Microsoft's bid for Yahoo is a public confession of failure: an admission that Microsoft has failed to build up an effective presence on its own in key areas
Little more than three years after its birth in a Harvard University dormitory, the social networking website Facebook has become one of the most expensive internet start-ups in history, with a valuation of $15bn (£7.3bn) under a financing deal with the software group Microsoft.
Google's money-making juggernaut rolled on as the world's top internet search company produced a 46% leap in profits to $1.07bn during the third quarter of the year.