I guess Yang felt he hadn’t lowered the value of Yahoo! shares enough, so he decided to go ahead and nail the coffin shut on any potential for a deal with Microsoft.  MarketWatch showed this as Yahoo, Microsoft Walk Away.  DealBook, on the other hand, chose to release approach this like it was some sort of strategic move on behalf of Yahoo, as if Yahoo Picks Google Deal Over Microsoft.  Give me a break …

Jerry Yang is undoubtedly the worst executive that a shareholder could want in today’s marketplace.  Now Google is looking for a piece of what Microsoft left behind.  They couldn’t be positioned better and Yang couldn’t be in a worse position.  Google essentially led Microsoft spend millions on merger efforts that failed, but dropped Yahoo’s price in the process.  As a result, they’ll likely be able to pick up Yahoo at a premium, previous valuation be damned.  It’s beautiful. 

The unfortunate thing for me in the short term is that as a Google shareholder, their price will likely take a dip, but assuming they pull around again come earnings season in July and depending on what the timing of any potential merger could be, this could be another boost to Google’s ever-rising stock price.