Yahoo to Reject Microsoft's Plans to Buy the Internet Giant

Yesterday, reports came out the Yahoo plans to reject Microsoft's plans to buy the internet giant Yahoo.

Last February 1, Microsoft announced that it made an unsolicited offer to buy Yahoo for $44.6 billion, both in terms of cash and stocks. This is Microsoft's move to counter Google's an unstoppable superior status in the web.

The $44.6 billion bid, according to Yahoo's board, is way too low compared to it's current value.