Currently, it’s less likely that Microsoft will strike a deal with Yahoo; in fact, the company’s shares went up slightly yesterday, which columnist Paul R. La Monica called “a possible sigh of relief from investors that the company isn’t going to be spending more than $40 billion on Yahoo.”
Still, Scott Kessler, an equity analyst with Standard & Poor’s, said it’s not over yet. “Microsoft has pursued Yahoo now for the better part of two years. Just because their ally Carl Icahn has aligned himself more squarely with Yahoo’s management does not mean that a deal won’t eventually happen,” he said. Meanwhile, all eyes are on Yahoo; another bad quarter could mean it’s over for Yang. Either way, it’s certainly not over for us spectators.