Saturday, February 09, 2008

Report: Yahoo board to turn down Microsoft bid | ajc.com

Report: Yahoo board to turn down Microsoft bid | ajc.com: "Yahoo Inc.'s board plans to reject Microsoft Corp.'s $44.6 billion bid to buy the Internet pioneer, The Wall Street Journal reported on its Web site Saturday.

Board members concluded the unsolicited offer massively undervalues the company, a person familiar with the situation told the newspaper."

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