[Reuters] Yahoo board set to rebuff Microsoft bid: report

Posted by: UGN Security

[Reuters] Yahoo board set to rebuff Microsoft bid: report - 02/09/08 01:34 PM

SAN FRANCISCO (Reuters) - Yahoo Inc's board believes Microsoft Corp's unsolicited bid of $44.6 billion to acquire Yahoo "massively undervalues" the company and directors are set to reject the offer, the Wall Street Journal reported on Saturday, citing an unnamed source.



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