Has "Microsoft's SEARCH for Yahoo" ended ?

This is in continuation with my previous post, it seems the battle has aggravated and we are surely on for a major tussel. Steve Ballmer rhetorical letter to Yahoo chief Yang officially called withdrew of his offer. Like my pervious guess the offer was raised to USD 33 per sahre making the deal woth USD 47.5 billion. This is at 70% premium but Yahoo is adamant and thus the deal is on for a toss.Does that mean its over? I guess NOT!.

Steve is adamant too, he did praise Mr. Yang for his time and concern but also reprimanded him of that this was the best deal offered and he (Mr. Yang) has taken a wrong decision. Though Steve said that Yang has done and will do anything at his disposal to outcast Microsoft so it does not make any sense busienss sense to approach the shareholders directly for a hostile bid, he has not maintained a lull . So, now it means it is over! No it is not....it seems that Microsft is lobbying hard to replace the board of directors at Yahoo, so that it could progress with its takeover. It has already identified some 10 BODs who could do the job for it and is keen on getting them appointed by shareholder's vote.

On the contrary Yahoo has faced quiet a few lawsuits from its shareholders for rejecting Microsoft's offer. Yahoo is trying to get into an agrrement with Google to handover its paid search service PANAMA and promote Google's services and in addition to that Google is trying to help Yahoo, hold and prevent the acquisition but is under cover. It has also raised its concern in front of the antitrust group over the acquisition. It's all happening there and right in the middle.

This acquisition is becoming even more exciting and i'm trying to keep a tarch of it. One must read Steve's letter to Yang, I guess that is the way CEOs communicate.

It is an ironic, pragmatic, methodical and judicious display of despair.