Steve Ballmer
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It was one of those great could-have-been scenarios, but we'll never know because Yahoo's board rejected Microsoft's stupendously insane (as we now know) $44.6 billion stock and cash offer in 2008. But if it made sense for Microsoft at that lofty price, maybe it makes sense for Microsoft at a much lower price -- and you get to see whether Steve Ballmer has what it takes to turn Yahoo around.

May 9, 2012 10:14 PM PDT

Photo by: Microsoft

| Caption by: Charles Cooper

 

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