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The Yahoo! board of directors unanimously declined the bid, saying that it undervalues the internet search company. The reputation connected with Yahoo!, it’s users, services and ad base, seems to be worth a lot more than Microsoft’s offering, according to the statement.
Yahoo is working with financial institutions to determine the fairness of the deal, and is rumored to be looking for a Google buyout.
There has aso been murmurs around the Mac online community about how nice it would be for Apple to buy Yahoo. While it would drastically expand Apple’s online market, it doesn’t seems like the type of place Apple should go right now.
Via [Electronista]
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