To the best of my knowledge, Yahoo now really has no choice in the matter. The public offer from Microsoft is more a formality than anything, trying to push their hand. Microsoft if determined to get the company, so, even if Yahoo executives do not want the company purchased, Microsoft can go after individual shareholders, and perform a hostile takeover. What Yahoo is trying to do is now maximize its profits, and try yo slow the acquisition, by searching for other, higher bids. If shareholders think they might get a higher payoff if Yahoo shops around, the executives may be able to prevent the sale of the company for quite some time.
If Microsoft wants the company, can pay for it, and the regulators don't stop it, Yahoo doesn't have a whole lot of choice in the matter.
This is my grasp of the topic, hope it answers your question.
Ok, I'm seriously confused. Why is Yahoo having talks with everyone all of a sudden. Microsoft made an offer, they refused.
I'm confused as to why Yahoo is talking to News Corp. and other companies. Has Yahoo been looking to be acquired prior to the Microsoft offer? It don't make much sense that Yahoo feels like they have to sell just because there was an offer on the table. Are they not a big enough player in the online market place to exist on their own?