Yahoo said Saturday night that it had rejected a renewed proposal by Microsoft, together with the activist investor Carl C. Icahn, to buy the Internet company’s search business.The proposal, made Friday evening by Mr. Icahn and Microsoft’s chief executive, Steven A. Ballmer, was similar to a previous offer Yahoo had rejected.
http://nytimes.com/2008/07/13/technology/13yahoo.html
Yahoo Again Spurns a Microsoft Offer
Yahoo said Saturday night that it had rejected a renewed proposal by Microsoft, together with the activist investor Carl C. Icahn, to buy the Internet company’s search business.