The news that Yahoo is not going to keep talking to Microsoft is crossing the wires at the moment. This caused Yahoo shares to dive 13% on the news. At the same time, Yahoo has announced an advertising deal with Google, which is sure to send chairs flying in Redmond. The story that I linked to also has a chronology of events that makes it look like a deal was possible at one point in the day. It also notes that three execs at Yahoo are leaving the sinking ship departing.
This is sure to make Carl Icahn go ballistic. I can’t wait for the letter that he sends Yahoo regarding this.