SAN FRANCISCO AP - Yahoo Inc. spurned Microsoft Corp.'s $44.6 billion takeover bid as inadequate Monday, betting that it can elicit a higher offer from the world's largest software maker or find another way to deliver a comparable payoff to its shareholders.The rebuff by the slumping Internet pioneer had been widely anticipated after word of Yahoo's intention was leaked during the weekend.
February 11, 2008 at 12:00 AM
1 minute read
SAN FRANCISCO AP – Yahoo Inc. spurned Microsoft Corp.’s $44.6 billion takeover bid as inadequate Monday, betting that it can elicit a higher offer from the world’s largest software maker or find another way to deliver a comparable payoff to its shareholders.
The rebuff by the slumping Internet pioneer had been widely anticipated after word of Yahoo’s intention was leaked during the weekend.
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