Microsoft today issued the following statement in response to the announcement by Yahoo! Inc. that its Board of Directors has rejected Microsoft’s previously announced proposal to acquire Yahoo! It is unfortunate that Yahoo! has not embraced our full and fair proposal to combine our companies. Based on conversations with stakeholders of both companies, we are confident that moving forward promptly

As it was thought would happen, Yahoo has rejected Microsoft proposal to buy Yahoo! SUNNYVALE, Calif., Feb 11, 2008 (BUSINESS WIRE) — Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today said the Yahoo! Board of Directors has carefully reviewed Microsoft’s unsolicited proposal with Yahoo!’s management team and financial and legal advisors and has unanimously concluded that the proposal is