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Yahoo says ignore the rumors, nothing to announce yet

John Ribeiro | Nov. 8, 2011
Yahoo said that its board's strategic review is still underway, with a wide range of options under active consideration, in the wake of unconfirmed reports that some private equity firms and technology companies are planning to invest in the Internet company.

Yahoo turned down an offer by Microsoft to buy the company in 2008 for more than US$44 billion. The board and the strategic committee should not have permitted Yang to discuss with private equity investors this time, particularly given his ineptitude in dealing with the Microsoft negotiations to purchase the company in 2008, Third Point said.

The investment firm is demanding two seats on the board.

 

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