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Yahoo unlikely to accept takeover: CEO

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CIOL Bureau
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Yahoo Inc. is unlikely to accept a takeover offer anytime soon, but will continue to partner with other major businesses, chief executive officer Timothy Koogle said. "We intend to remain independent and partner broadly in a business context with a whole bunch of companies worldwide," Mr. Koogle added. Yahoo reportedly has received numerous expressions of interest from broadcasting and publishing companies eager to snap up its top-ranked Web site -- the access point to the Internet for many people.



Koogle said the company would continue to make acquisitions of its own. "We clearly are being consolidators ourselves," he said. "We have purchased probably 10 or 12 companies in our life... We'll continue to acquire companies at the right rate."



Yahoo completed its $5 billion stock-swap purchase of media programmer Broadcast.com Inc. in July. The company has been rapidly expanding the offerings available on its Internet site to include free email, auctions, instant messaging and even electronic commerce sites hosted for small businesses.

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