Yahoo reportedly to reject Microsoft bid

Just when you thought this story couldn't get much more interesting it looks like Yahoo is going to reject Microsoft's offer! Considering that there offer was 62% premium it seems pretty arrogant to me, but I imagine that Microsoft will pony up the funds to make the deal happen. Given the market turmoil I wonder who else Microsoft and other cash heavy tech firms have their eyes on.

Anyways, to read more about the rejected offer click on one of the links below.

http://www.usatoday.com/money/industries/technology/2008-02-09-microsoft-yahoo_N.htm?csp=34

http://www.marketwatch.com/News/Story/Story.aspx?guid={E8746163-9161-4D1E-8E9F-1E92249AA2F8}

http://news.yahoo.com/s/nm/20080209/bs_nm/yahoo_microsoft_rejection_dc_5

It will be interesting to see what happens next week!

Gary Hoke