Sun, Aug 3, 2008 (12:15 a.m.) Yahoo Inc.'s board emerged largely unscathed from the Internet company's annual meeting Friday as a subdued crowd of shareholders raised few questions about the directors' rejection of Microsoft Corp.'s $47.5 billion takeover bid.

Yahoo Inc.'s board emerged largely unscathed from the Internet company's annual meeting Friday as a subdued crowd of shareholders raised few questions about the directors' rejection of Microsoft Corp.'s $47.5 billion takeover bid.

Yahoo's rejection of Microsoft will likely pass the legal litmus test, a number of legal experts say.

Yahoo recently expanded the list of products that can't be advertised on its search engine, but it appears the company could be more stringent in enforcing its ad rejection policies.

i went out to my mailbox to get the mail, and when i opened it, i saw a letter from one of the colleges i applied to. its an amazingly hard school, and i wasnt expecting anything, but still, the rejection makes you feel really down and sad... but then! i saw another envelope addressed to me, from me ...

Yahoo recently expanded the list of products that can't be advertised on its search engine, but it appears the company could be more stringent in enforcing its ad rejection policies.

Microsoft Corp still considers its takeover offer for Yahoo Inc , currently valued at about $40.9 billion, to be reasonable despite Yahoo's rejection of the bid, Microsoft's chief executive said.

Yahoo's rejection Monday of Microsoft's buyout offer sets the stage for the US software giant to up the ante or attempt a coup by ousting the Internet firm's board of directors.