The Wall Street Journal is reporting that Yahoo!'s Board of Directors will send Microsoft a letter on Monday saying that they are rejecting the 44.6 billion dollar offer to purchase the company. The report says that Yahoo! feels the bid is low and is unlikely to consider anything under 40 dollars a share, which would mean Microsoft would have to pony up another $12 billion. The board is apparently also considering a partnership with Google that would "safe guard" the company's independence. This should really be no surprise to anyone as it is the board's job to get the best value for it's shareholders, and they're probably looking out for their own jobs as well. Can you blame them? Your move Microsoft...
