$44.6 billion isn't enough to get you or Microsoft the cute smiley face of Yahoo as the company's board is set to reject the takeover offer. Considered to undervalue Yahoo, the bid will politely be rejected thus giving Google a little more breathing room as the search and advertising giant has already expressed its worry about the possible deal.

The acquisition talks are not expected to end soon though as Microsoft is believed to be ready to offer up to $35 per Yahoo share, the current bid being of $31 per share. Maybe Yahoo's execs think they can get more but if they won't then Yahoo is off to some serious restructuring.