Yahoo announced today that it has rejected Microsoft’s acquisition offer of $31 a share. Given that no other bidders have emerged, this could simply mean that Yahoo wants to drive up the price. It could also mean that Yahoo thinks it can go it alone. It could also mean that Yahoo wants to merge with AOL.
The 411 is available on SearchWinDevelopment.com: Yahoo rejects Microsoft bid, may talk to AOL instead. We’ll keep you posted.