| Sometimes LONG TERM responsibility to the stockholders is more important than short term pop. Yahoo still has legs, once the initial sort of this settles, Yahoo will continue to run stable. I don't blame Yang for not wanting to have Yahoo absorbed by the 'softies. No long term gain can come from that for their employees.
And we don't know the depth of what technologies or expansions that Yahoo is working on that made it such an attractive target for MSFT in the first place.
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