Yahoo's board meeting is still going but word is that Microsoft has issued a statement criticizing Yahoo's interpretation of the negotiations. "Yahoo is attempting to rewrite history yet again with statements that are not supported by the facts," Microsoft says.
We've put in a request for the full statement and will post it when we receive it.
Also, Techcrunch reports that Time Warner has blocked Yahoo's plans to add former AOL CEO Jonathan Miller to the board. Miller, one of three proposed directors backed by Carl Icahn, needs Time Warner's blessing because he is still under a non-compete agreement with AOL.