The company is said to be worried about Microsoft taking its search business as it has no way to gauge its worth as just a content service, the paper claims. Concerns also persist that the absence of any alternative deal would give further support to investor Carl Icahn's planned ouster of the Yahoo board, which would replace directors with those willing to make a direct offer of all of Yahoo to Microsoft.
Yahoo has repeatedly maintained that much of Microsoft's bidding undervalued either all or some of its business. Microsoft has denied the claim and has often said that acquiring at least Yahoo's search business is essential to creating a second major search competitor that could threaten Google, which enjoys a dominant marketshare through much of the world.
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