Yahoo rejects Microsoft's offer, saying it is undervalued - Feb. 11, 2008

Yahoo rejects Microsoft's offer, saying it is undervalued - Feb. 11, 2008: "Yahoo formally rejected Microsoft, saying the offer is not in the best interest of shareholders, but adding it is willing to look other options.'The board believes that Microsoft (MSFT, Fortune 500)'s proposal substantially undervalues Yahoo (YHOO, Fortune 500), including our global brand, large worldwide audience,