Yahoo Inc.'s board plans to reject Microsoft Corp.'s $44.6 billion bid to buy the Internet pioneer, The Wall Street Journal reported on its Web site Saturday.
Board members concluded the unsolicited offer massively undervalues the company, a person familiar with the situation told the newspaper.
The bid was made public Feb. 1.
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Source: http://finance.comcast.net/www/news..../09/883389.xml
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