Today Microsoft walked away from its bid to buy Yahoo. Microsoft actually raised it bid to $33 a share. Yahoo wanted $37. As a result, Microsoft called the deal off. Watch for Yahoo's stock price to tank when the market opens on Monday. Shortly thereafter watch for a stockholder revolt.
Friends of mine in the Valley tell me that the best and brightest engineers at Yahoo have been leaving since the Microsoft bid was first announced back in February. They have had no shortage of job offers.
It would appear as if Yahoo just signed their own death warrant.
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