Just a quick follow up to the post about Microsoft attempting to purchase Yahoo!
Yahoo's board of directors apparently feels that the offering price of $44.6 billion is not enough, so they've declined the offer. Will Microsoft come back with a better offer? Who knows. At this point, however, Microsoft has been defeated in their bid to acquire Yahoo! for the second time in two years.
There are other roads Microsoft can go down, including a hostile takeover.
(PS: Yahoo! is supposed to be spelled with the exclamation point - someone else apparently holds the patent on the business name Yahoo, so Yahoo! added an exclamation point. True story.)