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  Yahoo rejects Microsoft search offer
Time: 10:07 EST/15:07 GMT | News Source: CNET | Posted By: Chris Hedlund

Yahoo CEO Terry Semel has revealed he recently rebuffed Microsoft's attempt to bag a stake in the company. Although the Yahoo boss didn't confirm what form the speculated overtures took, he slapped down the idea Yahoo would be willing to let Microsoft take a stake in the company. According to a report in the Financial Times, Semel said: "Microsoft taking over Yahoo--that conversation has never come up."

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