As discussed in early February, Yahoo! turned down Microsoft's takeover offer.
Microsoft of course is not too happy about this, and earlier this week set a deadline for Yahoo! to accept before Microsoft would resort to other, less nice means - they can attempt to go around the Yahoo! Board of Directors, for example. Things can and likely will get ugly here.
http://www.msnbc.msn.com/id/23992701
Thanks to Norma for the heads up!
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