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Yahoo Rejects Microsoft’s Attempted Takeover Bid

February 12th, 2008 · 4 Comments

0Digg meYahoo’s board unanimously decided to spurn Microsoft after concluding the offer as expected, worth $44.6 billion or $31 per share — “substantially undervalues” one of the Internet’s prized franchises. The cash-and stock deal is now valued at about $40 billion, or $28.91 per share, which a reflects a drop in Microsoft’s market value.

But Yahoo […]

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Tags: Business · Tech