Yahoo hasn't said much regarding Microsoft's purchase offer but here are a few of the official statements that are public so far...
From Yahoo Press Release:Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today said that it has received an unsolicited proposal from Microsoft to acquire the Company. The Company said that its Board of Directors will evaluate this proposal carefully and promptly in the context of Yahoo!'s strategic plans and pursue the best course of action to maximize long-term value for shareholders.
From Nicki Dugan at the Yahoo! Anecdotal Blog:Our Response To Microsoft's Proposal
As I’m sure you’ve heard by now, Microsoft made an unsolicited proposal to acquire Yahoo! yesterday evening. Since then, we’ve gotten quite a number of questions about what this means for Yahoo!. Right now our board of directors is evaluating the proposal and looking at all of our strategic alternatives, including maintaining Yahoo! as an independent company.
A review process like this is fluid and can take quite a bit of time, so while there’s not much we can say right now, we did want to refer you to this
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