Yahoo Says NO to Microsoft

To follow up from my previous post regarding the Yahoo/MSN Merger, Yahoo has rejected Microsoft's offer and find it "inadequate" and "undervalues the company". With a price of $31 offered, pundits are reporting Yahoo will not take anything lower than $40.

The Industry Standard reported, "Yahoo said that its management team, along with financial and legal advisors, believe the offer doesn't reflect cash flow, earnings potential, or recent investments in its advertising platform."

- MK