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Yahoo formally rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders.

Three years later Yahoo had a market capitalization of .24 billion.

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Select & Join one of online chat rooms listed below and share your thoughts with the friends around the world.By 1998, Yahoo was the most popular starting point for web users It also made many high-profile acquisitions.Its stock price skyrocketed during the dot-com bubble, Yahoo stocks closing at an all-time high of 8.75 a share on January 3, 2000.In September 2011 she was removed from her position at Yahoo by the company's chairman Roy Bostock, and CFO Tim Morse was named as Interim CEO of the company.In early 2012, after the appointment of Scott Thompson as CEO, rumors began to spread about looming layoffs.

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