Yahoo! snubs Microsoft offer

Internet search engine Yahoo! today rebuffed a $44.6bn US (€30.8bn) takeover approach from software giant Microsoft.

Yahoo! snubs Microsoft offer
Mon, 11 Feb, 2008 - 15:43

Internet search engine Yahoo! today rebuffed a $44.6bn US (€30.8bn) takeover approach from software giant Microsoft.

The online group said the offer – made in a surprise move less than two weeks ago – “substantially undervalues” the business.

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