Yahoo’s board will reject Microsoft’s $US44.6 billion takeover bid after concluding the unsolicited offer undervalues the slumping internet pioneer, according to a person familiar with the situation.
The decision could provoke a showdown between two of the world’s most prominent technology companies with Internet search leader Google. looming in the background. Leery of Microsoft expanding its turf on the Internet, Google already has offered to help Yahoo avert a takeover and urged antitrust regulators to take a hard look at the proposed deal.
