Monday, February 11, 2008

Yahoo rejects Microsoft's bid (Reuters)



A Yahoo! signs sits out front of their headquarters in Sunnyvale, California, February 1, 2008. Yahoo on Monday rejected Microsoft Corp's unsolicited takeover bid as too low, saying its board had unanimously concluded it was not in the best interests of shareholders. (Kimberly White/Reuters)Reuters - Yahoo Inc on Monday rejected
as too low Microsoft Corp's unsolicited takeover
offer, currently valued at $42 billion, putting the ball back
in the software giant's court to pursue a deal.




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