Anand Kedia - Yahoo to Reject Microsoft Bid

After days of speculation, Yahoo’s board of Directors has decided to reject Microsoft Corp’s unsolicited takeover offer. The board feels the $31 per share offer was too little and it wanted atleast $40 against each share. Everyone is keeping their fingers crossed over the possibility of Microsoft increasing their initial bid of $44.6 billion. If they were to do so it would be an additional increase of $12 billion!

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