The deal is not fully valued. It's ridiculously over priced. Of course MSFT wanted YHOO last year for $40. Luckily YHOO turned them down. MSFT can wait another year and offer $22. It would still be too high an offer, but at least they'd save a few billion.
There is value with Yhoo and like most people sometimes they dont do things till they have to.Yang is in a fire storm. If he does nothing is will get burned. If he moves forward and gets off his butt 31 dollars in a year will be half what Yhoo is worth. The problem at MSFT and YHOO is getting the job done. They never are able to fix the bugs or think outside the box. A person with a old computer has to turn off updates because they never can finish the job. A security splice here. A needed update here . Just make a product that is finished and tested before you put it out. Dont make the testers the buyers. I own both stocks and see what Ballmer does. The future is the internet and for about 35 bucks a share you will get number two. I believe MSFT/YHOO =number 1 in a few years . Get the job done !