Microsoft rejects Yahoo

I haven’t been following closely at what has been going on with Microsoft’s negotiations to take over Yahoo besides hearing the intent to buy and last week when Microsoft was mentioning it might pull out. Well apparently it did over the weekend and as a result, the Yahoo stock has plunged which is what analyst would say if Microsoft were to pull out. Now, why is Yahoo not accepting Microsoft’s offer anyways? Is it because of the stigma attaches to them as the big bad bully? A lot of shareholders are upset over Yahoo’s rejection of Microsoft, which is warranted considering how their share has been doing recently over the last few years. I need to read more on this now