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Could News Corp. Be Yahoo’s White Knight?

By Jennifer Yousfi Managing Editor Yahoo! Inc. (YHOO) co-founder and Chief Executive Officer Jerry Yang sent a love note to shareholders yesterday (Thursday) explaining why the board of directors and management formally rejected Microsoft Corp.'s (MSFT) $44.6 billion hostile takeover offer. In the letter, Yang outlined the reasons why he feels Microsoft's offer undervalues Yahoo's […]

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