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Yahoo Snubs Microsoft-Icahn Takeover Bid

Says new offer was better, but still not in shareholders' interest

By Matt Cantor,  Newser Staff

Posted Jul 13, 2008 6:20 AM CDT

(Newser) – Yahoo has rejected another takeover push, this time from Microsoft and investor Carl Icahn, the Wall Street Journal reports. The bidders gave the Internet giant less than 24 hours to decide on an offer that would sell its search component to Microsoft and the rest...   Read full story »

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