Sunday, February 10, 2008

Yahoo's Board REJECTS Microsoft takeover Offer!

Yahoo Inc.'s board plans to reject Microsoft Corp.'s bid to buy the Internet pioneer, The Wall Street Jornal reported on its Web site Saturday.

Board members concluded the unsolicited $44.6 billion offer massively undervalues the Web pioneer, a person familiar with the situation told the newspaper.

The bid was made public Feb. 1.



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