You can find more information in these posting at SweBee.com:
The proposal:
Microsoft Wants To Buy Yahoo at $44.6 Billion! by SweBee.com
Microsoft has proposed an acquisition of Yahoo! for $31 per share or at apporximately $44.6 billon in cash and stock. Yahoo's latest disappointing earnings announcement helped to depress the stock price, making it a renewed target for a takeover.
Then:
Yahoo's Board Plans To Reject Microsoft's Bid by SweBee.com
Yahoo!, the Internet media giant is expected to reject Microsoft's offer, initially worth $44.6 billion, on this Monday. Yahoo's board believes the Microsoft offer massively undervalues Yahoo.
The result is:
Yahoo! Board of Directors Officially Reject Microsoft's Proposal by SweBee.com
The Yahoo! Board of Directors has carefully reviewed Microsoft's unsolicited proposal with Yahoo!'s management team and financial and legal advisors and has unanimously concluded that the proposal is not in the best interests of Yahoo! and their stockholders.
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