07-23-2008, 02:56 PM
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Facilitator
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Join Date: Jun 2003
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Yahoo income fell
Internet company Yahoo has reported worse-than-expected results for a three-month period in which it fought off a takeover approach from Microsoft.
Net income fell 18.6% to $131m (£65.8m) in the three months to the end of June.
Microsoft offered $31 a share for Yahoo in February but Yahoo has said it will only consider an offer of $37 a share.
source: bbc
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