Yahoo! announced the day before yesterday publicly that it does not accept the purchase offer made by Microsoft.

After the Yahoo company board meeting! a statement was made available on which the reasons for this refusal were presented.

Among them, the value offered by Microsoft for the purchase of Yahoo! is low taking into account the business in which you are involved and future prospects.

Microsoft has already reacted and for the time being does not intend to increase the value of the offer for the acquisition of Yahoo!.

Meanwhile, rumors have appeared of a possible union between Yahoo! and AOL as a way to respond to Microsoft's hostile purchase offer.

Source: Infodesktop