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Report: Yahoo to reject Microsoft bid | Beyond Binary - A blo...

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Saved by 1 people (0 private), first by anonymouse user on 2008-02-11


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Yahoo's board has decided Microsoft's $31-per-share offer "massively undervalues" the company, according to a report in The Wall Street Journal.

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In the report, it appears Yahoo is floating the idea that it might consider an offer of at least $40 a share.

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