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Yahoo tells Microsoft to increase $41B bid

  • Story Highlights
  • Yahoo writes to Microsoft to say offer "not in best interests of shareholders"
  • Microsoft had set April 26 deadline for Yahoo to accept $41 billion buyout offer
  • Yahoo says Microsoft's threat to begin hostile takeover is "counterproductive"
  • Cash-and-stock bid initially valued at $44.6B, 62 percent above market value


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