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Microsoft CEO says Yahoo bid makes sense as is

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Microsoft CEO says Yahoo bid makes sense as is

Microsoft still considers its takeover offer for Yahoo, currently valued at about $40.9 billion, to be reasonable despite Yahoo’s rejection of the bid, Microsoft’s chief executive said. “We still think the deal makes sense with the price and structure that we announced and we hope that over time that becomes a reality and we’re working toward that,” CEO Steve Ballmer said at a news conference on Monday.

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