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Wednesday, May 21, 2008

Yahoo and the pile-on

Microsoft is explicitly saying they no longer are interested in buying all of the company and would prefer to cut a deal in search. That's not what the guys buying the stock are looking for. They want Microsoft to buy it. The whole proxy argument stems from the Microsoft offer, which is no longer there.

The stock may be vulnerable to a rush for the exit. It's a question of who flinches first, I think.

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