A source close to Yahoo says that the Board will reject Microsoft’s $44.6 billion takeover bid after concluding that the unsolicited offer undervalues the Internet giant. Microsoft still could try to override Yahoo’s board by taking its offer directly to the shareholders. With Google gaining market share there should be more to this story in the upcoming days. Cramer has been behind Microsoft for a while now stating that it is one tech stock that should be recession proof.

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