By MATTHEW KARNITSCHNIG
February 9, 2008 6:27 p.m.
After a series of meetings over the past week, Yahoo's board determined that the $31 per share offer "massively undervalues" Yahoo, the person said.
It also doesn't account for the risks Yahoo would be taking by entering into an agreement that might be overturned by regulators. The board plans to send a letter to Microsoft Monday, spelling out its position.Read Karnitschnig's complete article HERE.