Yahoo’s board concluded on Friday that Microsoft’s unsolicited offer “massively undervalues” the company. The Wall St. Journal noted Yahoo’s position in the online display advertising market, where it leads both Google and Microsoft. Additionally, it suggested the board would cite that Microsoft underestimated the risk of regulatory approval, and its effect on Yahoo’s business.  The Economist features domestic and EU approval as the deal’s primary risk. The deal stirs concerns among the EU’s increasingly privacy-focused regulators.

The entirely objective MSNBC covers this refusal by running an AP report which essentially characterizes Yahoo as a greedy, perennial loser, which is risking a battle that will lead to a stockholder revolt. Really, take a look; do you notice a substantial difference in tone between The Economist’s and MSNBC’s coverage?

The Electronic Frontier Foundation has sent a letter to Senators Leahy and Specter regarding a portion of the Draft Judiciary Committee Report of the Patent Reform Act of 2007, which has the potential to kill EFF’s Patent Busting Project.

The draft inserts language which would prohibit third parties from requesting ex-parte reexamination of issued patents. This would effectively end the EFF’s four-year effort to have software patents reconsidered if they can be shown to be based on prior art.

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