Roger Ehrenberg explains why a Yahoo-News Corp. deal would suck royally for YHOO shareholders. Frankly, I wouldn't mind having YHOO shares, even though I emptied out yesterday with a small profit (5%). But Ehrenberg has valid points, and clearly believes that Microsoft will swoop in via YHOO longs.
I can't help thinking that Jerry Yang is putting forth a front about fighting for Yahoo's independence. I can't help thinking that he has to do this to get shareholders their best price point from MSFT. Maybe $34. Maybe $35. And I can't help but think that he has to save face with his underling Yahoos in light of recent layoffs. I don't think he wants the ship to go down, and that's what will eventually happen if MSFT doesn't take over. It could happen even if MSFT takes over.
What I'm saying is, Google is king of the world.
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