How Yahoo! Walked Away from $44.6 Billion

When we last left Yahoo!, Jerry Yang and the rest of the board had just spurned Microsoft’s $44.6 billion takeover bid for the supposedly greener pastures of potential deals with AOL, News Corporation, and/or Google. The rejection of Microsoft’s bid also put the current board on a collision course with Carl Icahn in what looked to be a battle for control of Yahoo!’s board of directors. (9 hours ago)

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