Microsoft

Yahoo continues to hold out against Microsoft’s buyout offers, rejecting the $31-per-share offer on Monday (04.07). Microsoft initially made the offer public on February 1, but Yahoo founder/exec Jerry Yang and chairman Roy J. Bostock wrote that the offer “substantially undervalues” the company. For its part, Microsoft has claimed that it hopes for a “friendly transaction”, but also has threatened to bypass execs and take a lesser proposal directly to the company shareholders.