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Yahoo Microsoft Saga continues!

Finally Jerry and Yahoo realized that Steve has called their bluff and they better start behaving like mature company. After seeing the reaction to stock price (to my surprise it was less punishing - I was ready to buy at $22) and public comments by Gordie Crawford and Bill Miller about their willingness to accept price of $34, Jerry got wise and started saying that "we are willing to listen". Come on Jerry, just pick up a phone and request an offer of $34 from Steve and get this saga over with.

As far as Microsoft goes, they should cash in on today's events, offer $1 extra (which by the way would be equal to 20 cents increase in Microsoft stock price) and get the deal done. Microsoft needs this deal as much as Yahoo needs it and while iron is hot, Microsoft should strike it.

As far as me, I hope it happens in next few days so some of the May 30 options I bought last week are worth something:-)

It would be interesting to know what happens in Yahoo employee meeting which Jerry has scheduled on Tuesday. I am sure Silicon Alley Insider would cover it.

Check out latest article on this saga at Silicon Alley Insider:

Yahoo overplayed its hand and now willing to talk

/Shyam

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