09
Feb
08

Yahoo board to spurn $44B Microsoft bid (AP)

The Yahoo tent at the Consumer Electronics Show (CES) is seen in Las Vegas in this Jan. 7, 2008 file photo. Yahoo Inc.'s board reportedly called a special meeting Friday to discuss the slumping Internet pioneer's first response to Microsoft Corp.'s week-old takeover bid, setting the stage for a quick resolution or months of acrimonious wrangling. (AP Photo/Paul Sakuma, file)AP - Yahoo Inc.’s board will reject Microsoft Corp.’s $44.6 billion takeover bid after concluding the unsolicited offer undervalues the slumping Internet pioneer, a person familiar with the situation said Saturday.


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