Internet giant Yahoo has defended its decision not to sell part of the company to Microsoft, saying "it made no sense financially or strategically".
Microsoft proposed buying its online search business after withdrawing an offer to buy Yahoo outright.
Yahoo is facing an attempt by billionaire investor Carl Icahn to unseat the board after it failed to do a deal with Microsoft.
It has called for shareholders' support at its annual meeting on 1 August.
full story
Microsoft proposed buying its online search business after withdrawing an offer to buy Yahoo outright.
Yahoo is facing an attempt by billionaire investor Carl Icahn to unseat the board after it failed to do a deal with Microsoft.
It has called for shareholders' support at its annual meeting on 1 August.
full story
