One of the biggest takeovers that the corporate world has ever seen could be on the cards now that Microsoft has confirmed an acquisition bid for Yahoo!

According to various reports online it had already made what moves towards what it says were negotiations for a 'friendly takeover' late last night but this was flatly rejected by Yahoo!

Mind you, $44.6 billion doesn't sound too unfriendly to me it has to be said, and that's what I understand Microsoft is...