Yahoo Inc.’s board will reject Microsoft Corp.’s $44.6 billion takeover bid after concluding the unsolicited offer undervalues the slumping Internet pioneer, according to a person familiar with the situation.
Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.’s dominance of the lucrative online search and advertising markets.
AP: The Republican Party has gaveled its 2008 presidential nominating convention to order, ready to have Sen. John McCain carry the party’s banner this fall against Democrat Barack Obama.
