Exactly the opposite. YHOO survived well without MSFT thus far. They have a larger share of the market in space that matters. How many people do you think will continue to use Word, Excel and Powerpoint, but I know a lot of people will continue to search stuff on the internet. I will sure continue to have my Yahoo personal page.
MSFT needs YHOO so bad. It is not even funny. Ballmer will pay for $33 sooner or later. The way he is going about the offer shows extreme lack of confidence and understanding of fundamentals.