Why Yahoo! can't say no to Microsoft's brilliant bid.

Commentary about business and finance.
Feb. 1 2008 5:26 PM

Yahoo! Can't Say No

The logic of Microsoft's brilliant bid.

Also in Slate, Daniel Gross explains what Microsoft's bid for Yahoo! means for the economy and for Google, and Chris Wilson argues that Microsoft's play to purchase Yahoo! isn't about search.

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Either way, Yahoo!'s days as a stand-alone public company are almost certainly numbered.  With the stock now at $29, up from a paltry $19 last night, Yahoo! shareholders aren't going to let Yahoo! management say no to Microsoft without a fight. Yahoo!'s management has a fiduciary duty to do the right thing, and—for most shareholders—the right thing is to take Microsoft's money and run.

Henry Blodget is the founder, editor, and CEO of Business Insider. Follow him on Twitter.