Yahoo Board Rejects $45 Billion Microsoft Bid

The Board of Directors of Yahoo, Inc. aren’t taking Microsoft up on its $45 billion offer to buy the company, concluding the unsolicited bid undervalues the slumping Internet pioneer, reports the Associated Press and The Washington Post. While Rupert Murdoch said NewsCorp was not interested in buying Yahoo, Time Warner explored merging AOL and Yahoo in a meeting last week, but it doesn’t appear the company will pursue Yahoo either, CNN Money reports.

Similar Posts:

• Litmus: Advanced Testing Tool For Web Professionals
• Why Microsoft Will Buy Facebook And Keep It Closed
• Non-profits and Schools Turn to Online Resource During Economic Downturn