Filed under: Deals, Microsoft (MSFT), Yahoo! (YHOO), Merrill Lynch (MER)

The board at Yahoo! (NASDAQ: YHOO) will turn down a bid from Microsoft (NASDAQ: MSFT) which is valued at $31 a share. According to The Wall Street Journal (subscription required), Yahoo!’s board determined that the $31 per share offer “massively undervalues.”

Rumors are that Yahoo! will seek an amount of at least $40 a share.

Douglas A. McIntyre is an editor at 247wallst.com.

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This entry was posted on Saturday, February 9th, 2008 at 4:40 pm and is filed under Latest News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.