Via the Wall Street Journal:

Yahoo Board to Reject Microsoft Bid
Yahoo Inc.’s board plans to reject Microsoft Corp.’s unsolicited $44.6 billion offer to acquire the Web giant, a person familiar with the situation says.

After a series of meetings over the past week, Yahoo’s board determined that the $31 per share offer “massively undervalues” Yahoo, the person said. It also doesn’t account for the risks Yahoo would be taking by entering into an agreement that might be overturned by regulators. The board plans to send a letter to Microsoft on Monday, spelling out its position.

Yahoo has taken “poison pill” provisions to prevent an unwanted takeover. Microsoft would likely have to oust the board in order to overturn them.

Will Microsoft and Steven Ballmer attempt a takeover?

Does this mean the end to the Search Wars… I don’t think so, but we will see!

This would equate to the second failed attempt in as many years!

Post from: SEOpittfall.com

Oops, an Error has Occurred - Yahoo! Says No to Microsoft