Yahoo! to Microsoft: No means no (until we say yes)
Now are you ready for the funny part? In a detailed press release, Yahoo! explains that the board would prefer an outright sale of the company. The asking price? $33 per share -- or exactly what Microsoft offered several months ago. Yahoo! has seen its stock price fall significantly since that offer, and probably one of the only surefire ways to boost the stock price is to sign a deal with Microsoft or another company. But there's really no reason for Microsoft to pay $33 per share for a company that's stock price would only actually be worth that much money if and when Microsoft ponies up the cash.