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Yahoo 'to reject Microsoft offer'
Written by Danrok   
Sunday, 10 February 2008 07:30

From BBC:

Yahoo has reportedly decided to reject Microsoft's unsolicited takeover offer.

Several newspapers and news agencies say Yahoo's board will on Monday dismiss the $44.6bn (£22.9bn) offer as being inadequate.

When it was made, Microsoft's $31 a share offer was 62% above the level at which Yahoo's shares were trading.

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