- 10 Feb 08, 07:53 GMT
Yahoo isn't commenting on reports that it has rejected the bid from Microsoft after a board meeting on Friday. We will probably know more when Wall Street starts trading on Monday.
But if Jerry Yang and his fellow directors are shutting the door to Microsoft they will need to explain to their shareholders exactly what their alternative strategy is.
Because it seems impossible that Yahoo can survive as an independent business - unless it manages to convince the regulators that an informal alliance with Google is no threat to competition, which seems unlikely.
Last night Yahoo responded to the BBC's inquiries with this:
"Yahoo!'s Board is carefully and thoroughly evaluating the Microsoft
proposal in the context of all of the company's strategic alternatives,
and will pursue the best course of action to maximize long-term value
for shareholders. We are not providing details on the Board's review
I'm off to the Mobile World Congress in Barcleona this morning where both Microsoft and Yahoo will have plenty of executives explaining how they are going to play a big part in the brave new world of the mobile internet. I'll be asking them how a MicroHoo future meshes in with those plans - but I'm not holding my breath for any answers....
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