Yahoo! Can't Say No
The logic of Microsoft's brilliant bid.
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.