Yahoo rejects new break-up offer
It is revealed that Microsoft never put off its offer. Yet another offer from Microsoft.
Yahoo has angrily rejected a joint takeover offer from Microsoft and the investor Carl Icahn.
Microsoft would have bought Yahoo's search engine while Mr Icahn would have ended up with the rest of the business.
Yahoo objected to being given only 24 hours to consider the offer and there being no opportunity to negotiate the terms of the deal.