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Yahoo! says "no" to Microsoft - thinks it's worth more than $45 billion - Tech Digest
Yahoo! rejected Microsoft's friendly buyout offer over the weekend, saying that MS's $45bn offer "massively undervalues" the Yahoo! brand. Clearly still thinking it's 1997 and Google doesn't exist yet, Yahoo! is apparently sticking out for $40 a share - a significant increase on Microsoft's $31 offer. That would result in MS having to turn Bill Gates upside down and shake out another $12 billion to get the deal signed...