Megan Davies
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/ 11 February 2008

Yahoo! set to rebuff Microsoft bid as too low

Yahoo! is set to reject Microsoft’s unsolicited bid, now worth -billion, as too low, a source familiar with the situation told Reuters on Saturday — the first clear signal the board might be prepared to negotiate and sell the internet media giant. The Wall Street Journal had quoted an unnamed source as saying Microsoft’s offer of per share was an attempt to ”steal” the company.