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Yahoo's board poised to reject Microsoft buyout offer: reports (Market Watch)
Yahoo Inc.'s board of directors plans to reject Microsoft Corp.'s unsolicited $44.6 billion acquisition offer, according to weekend media reports. The decision, reported Saturday by The Wall Street Journal, came after a series of meetings over the past week, during which Yahoo's board decided the $31-a-share offer "massively undervalues" the Web behemoth. The Journal cited an unnamed person ...