Not sure how long you soaked in WD-40. But, I've had luck with the same treatment over a few days' time. Saturate the knife in WD-40, then wrap it in paper towels and also saturate them in WD-40 - don't be shy about leaving it dripping with the stuff. Then put the whole thing, saturated paper towels and all, into a new (fully airtight) zip-loc bag and seal it, so the WD-40's solvent can work without evaporating off. Then just put it aside and forget about it for maybe 3 or 4 days. After that, unwrap it all and see if the blades have enough 'wiggle' to get them open. Might need a pair of pliers (needlenose) as suggested earlier, to get a grip on them. If you can get the blades opened up, then again flush it all out again with WD-40 while continuing to exercise the pivots. Use brushes or whatever works to scrub it down and keep flushing with the WD-40 until it doesn't run red/brown anymore, and keep scrubbing. Once most or all of the loosely-bound rust stops coming off, then give the whole thing a bath in warm water & liquid dish soap, again exercising the pivots until it's clean.
After all that, dry everything out and give it a little bit of oil in the pivots and/or on the steel surfaces (blades, springs) and see how it works.