Yahoo Expected to Reject Microsoftâs Takeover Bid
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Yahooâs board decided that Microsoftâs $44.6 billion hostile bid undervalues the company, people involved said.
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Confirming&#160;weekend rumors, Yahoo rejected on Monday&#160;Microsoft&#39;s $44.6 billion cash-and-stock offer, saying the unsolicited proposal substantially undervalues the company.
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Microsoft plans to intensify its pursuit of Yahoo this week when it authorizes a proxy fight to oust Yahoo&#39;s board, meaning the 19-day old acquisition attempt will soon turn a darker shade of ugly, according to The New York Times.
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After a resounding "no" on its unsolicited buyout offer for Yahoo, Redmond will either up the ante or ready a one-two punch.
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CEO Jerry Yang explains to shareholders why Yahoo rejected Microsoft's acquisition bid.
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Yahoo's board is reported to be planning to reject Microsoft's unsolicited offer as being too low.
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Yahoo Inc  on Monday rejected  as too low Microsoft Corp's  unsolicited takeover  offer, currently valued at $42 billion, putting the ball back  in the software giant's court to pursue a deal.
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Yahoo Inc on Monday rejected Microsoft Corp's unsolicited takeover bid, currently valued at $42 billion, as too low, saying its board had unanimously concluded it was not in the best interests of shareholders.
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Yahoo Inc's board of directors is to  meet on Friday to discuss Microsoft Corp's $44.6 billion buyout  offer, the TechCrunch blog said, citing unnamed sources.
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Yahoo rejects a takeover bid of more than $40bn from computer software giant Microsoft saying it is too low.
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SEATTLE/SAN FRANCISCO  - Yahoo Inc   rejected Microsoft Corp's  unsolicited $41.6 billion  takeover offer as too low on Monday, forcing the software maker  either to sweeten the bid or adopt a hostile approach to clinch  a deal.
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Microsoft Corp  will authorize  a proxy battle for Yahoo Inc  this week to convince the  Web company's shareholders to agree on a takeover deal that the  Yahoo board so far has rejected, the New York Times' DealBook  blog said on Tuesday.
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NEW YORK/SEATTLE  - Yahoo Inc on Monday rejected  Microsoft Corp's unsolicited $41.6 billion takeover offer as  too low, forcing the software maker to either sweeten its bid  or adopt a hostile approach to clinch a deal.
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Yahooâs rebuff of the $44.6 billion takeover bid raises the stakes in a battle involving two of the worldâs most prominent technology companies.
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Yahoo Inc would consider a business alliance with Google Inc as one way to rebuff a $44.6 billion takeover proposal by Microsoft, a source familiar with Yahoo's strategy said on Sunday.
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Yahooâs board decided that Microsoftâs $44.6 billion hostile bid undervalues Yahoo, people involved in the discussions said.
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Yahoo Inc insiders are mulling ties to rival Google Inc as a possible defense to rebuff Microsoft Corp's takeover bid, a person familiar with Yahoo management's thinking said on Sunday.