Yahoo officially says no to Microsoft; It could get ugly by ZDNet's Larry Dignan -- Yahoo on Monday made its rejection of Microsoft’s $44.6 billion bid official, concluding that the software giant’s offer “is not in the best interests of Yahoo! and our stockholders” and “substantially undervalues” the company. According to Yahoo’s statement: “After careful evaluation, the Board believes that Microsoft’s proposal substantially undervalues Yahoo! including our global brand, large worldwide audience, [...]
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