Today, the most anticipated deal in the business world is the proposal of Microsoft to get the second internet search competitor- Yahoo Inc. Yahoo has failed to crack Google’s dominance, at the same time plans to reject a $44.6 billion takeover bid from Microsoft Corp. - said a source about the situation.

New York (Reuters) - Yahoo Inc. The internet media giant is expected to reject Microsoft’s offer on Monday as undervaluing the business. Yahoo’s shares have fallen, but Yahoo’s websites will remain as the world’s most popular.

The board has spent about a week in reviewing the $31-per-share offer. The Yahoo directors are likely to reject it. Yahoo expects a minimum of $40 - reported by the Wall Street Journal.

(more…)