Yahoo to Microsoft: No Thanks!
Yahoo formally rejected a proposal from Microsoft and Carl Icahn in a statement issued on Saturday.
They had been given 24 hours to reach a decision by Microsoft CEO Steve Ballmer on Friday night. They reached a decision, but probably not the one that Ballmer and Icahn were looking for.
Yahoo says that its advertising deal with Google offers "superior financial value, reports Kyung Bok Cho at Bloomberg.
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