Yahoo Inc. (NDAQ: YHOO) leaders continue to contradict themselves as shareholders become increasingly fed up. Court documents revealed today that Yahoo had rebuffed a partnership with Google Inc. (NDAQ: GOOG) just one day before Microsoft Corporation's (NDAQ: MSFT) bid on anti-trust concerns.

"We are focused on long-term value creation rather than short-term gains," read a statement prepared for Yahoo executives. "Short-term analysis of the revenue for potential of outsourcing monetization may not take into account the longer term impact on the competitive market if search becomes an effective monopoly."

These comments come in sharp contrast to Yahoo's later position, during Microsoft talks, that it was conducting a test with rival Google to sell its search ads. The 180 was part of a strategy by Yahoo to seek alternatives for its business rather than selling out at Microsoft's $31 per share offer.

Now, shareholders are increasingly wondering whether or not Yahoo executives were honestly ever considering the Microsoft offer, or whether they simply will not sell out at any price. The news also comes just after several lawsuits aimed at pushing the transaction through by law or overtaking the board.

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