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Yahoo said the "For Sale" sign is still on its front lawn and that Microsoft should buy the company.
The internet portal's co-founder and CEO Jerry Yang made the comment despite the fact Yahoo rejected a $33 (£21) a share offer from Microsoft back in May.
During the on stage conversation in front of a standing-room only crowd, Mr Yang was asked why the company did not take the $33 a share offered back in the summer. The company's share price closed Wednesday below $14 (£8.80) a share.