Apparently the Microsoft/Yahoo deal is dead.
Yea, he didn't want all those 'billions' of dollars....said it wasn't enough...
I think money had very little to do with it. Well, maybe a little. It wasn't a he, but it was. It would have been a stock buyout. Microsoft would have bought a majority share for a certain amount (last offer was $34/share). Some of the board wanted to do it, others didn't.
But from what I heard, it was more a clash of egos between one of the original founders, Jerry Yang, and Microsoft. Yang just didn't want to sell, and did everything he could to torpedo the deal. Including do things that could devalue Yahoo.
However Mircosoft pulling out may cause their stock to drop. In fact looking at the 5 day price it dropped from almost 29 to just under 24 Monday, but rebounded a bit to 25. One possibility is that Microsoft pulling out of the deal may devalue the company enough that they can come back in a month or six, and buy it for less than they would have this time.