Yahoo! has said no to Microsoft after the takeover bid earlier this month. The company said that Microsoft's bid undervalued it's shares, the price of which will keep rising. AOL Time Warner has put forward a proposal for a merger of AOL and Yahoo! to keep it (Yahoo!) out of Microsoft's hands.
Yahoo! shares may be almost full-priced now, the shares won't keep rising for long and there won't be many more opportunities for people to make a profit from the shares other than from the dividends.
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