Yahoo! rejected Microsoft's buyout offer over the weekend.
With the U.S. economy continuing to weaken and advertising slumping, many people are worried that Yahoo! may be hurting its shareholders by rejecting Microsoft's initial offer and playing a game of chicken with other bidders to get a better bid.
Businessweek summarizes the situation nicely in the article below:
http://www.businessweek.com/technology/content/feb2008/tc20080211_848555.htm?campaign_id=yhoo
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