Yahoo has rejected Microsoft's takeover bid, which valued the company at $44.6bn (£22.9bn).
The search provider said the offer is too low and is not in the best interests of Yahoo's stockholders.
But today's statement from the company does not rule out accepting future bids.
"The board of directors is continually evaluating all of its strategic options in the context of the rapidly evolving industry environment and we remain committed to pursuing initiatives that maximise value for all stockholders," it said.
Yahoo shares rose 2.1 per cent to $29.81 (£15.31) on the Nasdaq stock exchange in response to the news.
Microsoft has made no statement about whether it will improve its offer, go hostile or withdraw.
Further reading:
what do you think?
Post your comment
Send an email to the Computing editor at feedback@computing.co.uk
Reader comments for this story
del.icio.us
digg this
reddit!related content
latest news
Scheme has already delivered important benefits but first phase is 18 months late 04 Jul 2008
Storm approaching email market as clouds gather on SaaS provision 04 Jul 2008
Retailer suffers from web downtime for the second time in a month 04 Jul 2008
More news
latest in depth
Cutting fuel costs and improved services high on airline’s agenda 03 Jul 2008
Formula 1 team uses a virtual private network to exchange strategic data with its UK factory 02 Jul 2008
Experts warn that changes could tempt new cyber-squatters 02 Jul 2008 More in depth
Advertising Marketplace
Search for solutions, reports & analysis
- Enterprise Accounting Solutions
- Business Intelligence Solutions
- Enterprise Content Management (ECM)
- Supply Chain Management
- Enterprise Resource Planning (ERP)
- Project Management Solutions
- Customer Relationship Management (CRM)
- Security Solutions
- Systems Management
- Networking and Communications Solutions
Sponsored links
Featured jobs
United Kingdom | S4C
Datblygydd Delphi - Oracle - Delphi - Oracle Developer Datblygydd Delphi - Oracle Mae S4C yn gwahodd ceisiadau ar gyfer y swydd uchod a leolir o fewn y Gyfarwyddiaeth Darlledu a Dosbarthu. Dylai fod ... more >Colindale (C1905), United Kingdom | NHS Blood and Transplant
Operations Engineer, £28,313 - £37,326 pa plus High Cost Area Supplement, Colindale (C1905) About us The National Blood Service is an integral and vital part of the NHS. Our two million volunteer donors contribute 1.6 ... more >United Kingdom | MI5 Security Service
Network and Systems Engineers Working for MI5 you will use your expertise to protect the UK from terrorism, espionage and other threats to national security. You'll be joining a team that provides essential technical analysis ... more >United Kingdom | MI5 Security Service
Software Developer/SQL Specialists Working for MI5 you will use your expertise to protect the UK from terrorism, espionage and other threats to national security. You'll be joining a team that provides essential technical analysis and ... more >
More job opportunities