It’s interesting that you claim Wall St knows more than we do. Microsoft are offering a ~60% premium on Yahoo’s share price, so if they’re undervaluing it, Wall St are undervaluing it by 60% more than Microsoft. That would mean they know 60% less than Microsoft and the majority of us who think Yahoo should say ‘Deal’.

It is unfortunate that Yahoo! has not embraced our full and fair proposal
to combine our companies. Based on conversations with stakeholders of both
companies, we are confident that moving forward promptly to consummate a
transaction is in the best interests of all parties.

We are offering shareholders superior value and the opportunity to
participate in the upside of the combined company. The combination also
offers an increasingly exciting set of solutions for consumers, publishers
and advertisers while becoming better positioned to compete in the online
services market.

A Microsoft-Yahoo! combination will create a more effective company that
would provide greater value and service to our customers. Furthermore, the
combination will create a more competitive marketplace by establishing a
compelling number two competitor for Internet search and online
advertising.

The Yahoo! response does not change our belief in the strategic and
financial merits of our proposal. As we have said previously, Microsoft
reserves the right to pursue all necessary steps to ensure that Yahoo!’s
shareholders are provided with the opportunity to realize the value
inherent in our proposal.

http://biz.yaho...qm241.html?.v=2

http://racetalk...communications/

Skadden, Arps, Slate, Meagher & Flom has legend dating back to the junk bond fueled M&A days and Goldman is the biggest dealmaker of them all according to league tables.

Of course, money talks in the end in hostile takeovers, so no matter what advisors Yahoo uses, Microsoft will take their case directly to the shareholders.

YOU != the world’s web users.

Before you peeps say Y! is dead and needs MS.

A. Do your homework and look at the financials.
B. Do your homework and look at Comscore and other metrics.

Yes, Y! may never catch Google in search, BUT THEY DON’T HAVE TO!
You can be a profitable and good company being #2 in Search and #1 in various areas.

Why is Y over-valued when you prop up Facebook and other startups who are losing money?

You know what’s the most embarrassing thing we’ve learned from this saga?
Its that Wall St. and Shareholders actually know less than TC posters.

Anyhow, Y! definitely needs a good management shakeup, and one can hope that this will be a wakeup call to the board (possibly unlikely given past behavior), but the funeral is being scheduled a bit prematurely.

Glad Yahoo was smart enough to know they are just at a cyclical low.