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." He added: "(We discussed) search, and Microsoft co-owning some of our search. I will not sell a piece of search--it is like selling your right arm while keeping your left; it does not make any sense."
News source: C|Net News.com