"Dan Loeb will see that Apple and Microsoft have a full fledged bidding war for yahoo"
Come on its your dream.....lets throw Google and Facebook in there too....yeah a four way bidding war! But Yahoo will offer a special dividend, which you will take for voting against a takeover. But you will fool them and vote for it. So you make huge bucks on the take-over and a large dividend as a kicker. $40, $50, $60, maybe even $110 a share. And everyone lives happily ever after.
Then you wake from your dream and find out none of that happened, the stock market has set back 15%, the Alibaba IPO has been delayed due to market conditions, and Yahoo Japan business is falling as the Japanese economy slips into recession. Yahoo's core business loses ground to Google and Facebook due to their lack of work in the mobile area and the stock slides back to $15.
Apple buy Yahoo?
If you had millions of dollars would you buy a twenty year old house that needed repair (forget that previous 4 owners couldn't fix it correctly) or would you build a brand new house exactly the way you wanted , by the people you wanted, and designed the way you wanted?
Think about that for a second and then try to justify why Apple would buy Yahoo.
Apple doesn't need Yahoo....nervous longs do...let me know how that works out.