It seems to have been a very costly move to turn down Microfot's advances. Yahoo!'s share price tanked this morning following the news that Microsoft was officially withdrawing its offer.
Rumours now persist that shareholders are agitating for the removal of Yahoo! board members.
What does this mean in the long run? Will Yahoo! now find a way out of its predicament?
Not likely. Microsoft has decided to play hardball knowing that Yahoo! has very little room for manoeuvre. It is only a matter of time before Micorosoft gets it prey, even if for now it has said that it won't pursue its strategy of a hostile takeover.
Microhoo! will still happen, it might just take a little longer than people thought.
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