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05-04-2008, 11:23 PM
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Yahoo CEO on hot seat after rebuffing Microsoft's $47.5B bid (Washington Post)
SAN FRANCISCO -- Yahoo Inc. Chief Executive Jerry Yang has gotten what he wanted: a chance to prove his company is worth more than the $47.5 billion that Microsoft Corp. offered to buy the Internet pioneer.
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Microsoft abandons Yahoo bid, rebuffing higher sale price (AP via Yahoo! News)
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