It looks like Sunnyvale-based Yahoo plans on rejecting the $44.6 billion rose Microsoft offered it earlier this month. A move that would have merged the two tech giants won't happen, it seems, and we were so sure this relationship would've worked out swimmingly. Sniff.
But all is not lost. According the Gate:
Yahoo's board, which met Friday, has determined that the $31 per share offer Microsoft made is inadequate. The Wall Street Journal reported in its online edition today that the board is holding out for at least $40 per share, which would increase the overall value of the proposal by $12 billion.
Oh Yahoo, you whore.
Image credit: thomashawk.com
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