Amidst the rumors and speculation surrounding the dying of Microsoft's bid for Yahoo and the expected takeover of Yahoo by Microsoft, Yahoo confirmed the rumors and rejected Microsoft's offer. Both companies have now turned to the war of words. The news came in on Monday when Yahoo officially rejected Microsoft's $44.6 billion stating it as inadequate and substantially undervalued.

In August 2005, Yahoo launched Publisher Network and it witnessed phenomenal growth in terms of revenue. Yahoo has announced another leap in publishing business; it has entered into a definitive agreement to acquire Right Media Inc.