a P.E. firm was about to make a bid for yhoo this week as well.
this will come out soon in the press.
yhoo BOD won't let it go easily. it will have to go to a shareholder vote...and that won't happen until June, the next shareholder meeting. yhoo has a posion pill clause that triggers at 15% ownership., the corp. bylaws prevent any special shareholder meetings held outside the regularly scheduled annual meeting in June.
a good chance that yhoo ceo and BOD will try to negotiate with the PE firms, now seen as a white knight. even if msft ends up with yhoo in June, it will go for more then the 31 per share offer.
mark this post and come back in June.