Yahoo rejects Microsoft bid
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NEW YORK/SEATTLE  - Yahoo Inc  on Monday  rejected Microsoft Corp's  unsolicited $41.5 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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SAN FRANCISCO -- Yahoo Inc. spurned Microsoft Corp.'s $44.6 billion takeover bid as inadequate Monday without explaining how its management will match the payoff that the slumping Internet icon's shareholders would have received had the unsolicited offer been accepted.
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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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Microsoft said Friday it had offered to buy struggling Internet firm Yahoo for 44.6 billion dollars (30.0 billion euros) in a bid to take on Google in the crucial battle for online revenues.
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Blog: Yahoo shareholders reject censorship, executive pay proposals, re-elect all board members at shareholder meeting
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Yahoo's rejection Monday of Microsoft's buyout offer sets the stage for the US software giant to up the ante or attempt a coup by ousting the Internet firm's board of directors.
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SAN FRANCISCO/NEW YORK  - Microsoft Corp   made a bid to buy Yahoo Inc  for $44.6 billion in cash  and stock, seeking to join forces against Google Inc   in what would be the biggest Internet deal since the Time  Warner-AOL merger.
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Microsoft Corp  has made an  unsolicited offer to buy Yahoo Inc  for $44.6 billion  in cash and stock, seeking to join forces against Google Inc   in what would be the biggest Internet deal since the  Time Warner-AOL merger.
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In a statement late Monday afternoon, Microsoft responded to Yahoo's rejection of its initial takeover bid as many believed it would, and as the company itself indicated it probably might do: It will take its case directly to Yahoo shareholders.
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Hours after Yahoo officially rejected Microsoftâs takeover bid, calling it too low, Microsoft called Yahooâs response âunfortunateâ and said its proposal was âfull and fair.â
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SAN FRANCISCO/NEW YORK  - Microsoft Corp   offered to buy Yahoo Inc  for $44.6 billion, in a bold  bid to transform two ailing Internet businesses into a worthy  competitor for market leader Google Inc .
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With Yahooâs shares up slightly on the news that its board has officially rejected the $31 a share bid from Microsoft, it appears investors are betting the company is looking for a better deal.
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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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The Yahoo board has decided to reject Microsoft's unsolicited $44.6 billion cash-and-stock buyout bid, a source close to the discussions said, setting the stage for what could be a prolonged takeover battle between the two tech companies.
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Yahoo&#39;s board of directors plans to reject&#160;Microsoft&#39;s unsolicited $44.6 billion takeover bid,&#160;The Wall Street Journal reported Saturday, citing as its source &quot;a person familiar with the situation.&quot;
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BOSTON/SEATTLE  - Yahoo Inc's   second-biggest shareholder urged Microsoft Corp  to  raise its $42 billion bid for the Web pioneer and warned Yahoo  it has few options other than to accept, raising pressure for  them to seal 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.