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Yahoo! Can't Say No

The logic of Microsoft's brilliant bid.

By |Posted Friday, Feb. 1, 2008, at 5:26 PM

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.

(Continued from Page 1)

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.

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Henry Blodget is CEO of Silicon Alley Media, which publishes a network of business news and analysis sites including Silicon Alley Insider, Clusterstock, and The Business Sheet.