You know my feeling on this:
Breaking News - Microsoft Walks Away From Yahoo Deal | The Net Fool
I'm frustrated at Yang, he completely screwed all of the Yahoo shareholders out of a good deal. A. I can't believe that stubborn, arrogant Ballmer actually budged enough to bump up the bid to $33 per share.. but to have Yang reject that is beyond me!
Yahoo isn't worth $18 a share, much less $37. He put his own, now bad, reputation in front of everyone who gave a damn about Yahoo... and now they are going to all suffer the consequences. Shares of Yahoo of course nosedived 15% the next day, but that's not even enough. I see them trading under 20.
It's good for Microsoft to walk, I'm just frustrated at how stupid Yang was.