i dont know why i'm shot down (by down arrow) by the readers - but once again i would like to clarify if u guys have mistaken me ... first thing first, this is definitely 3 way fight (yahoo, google and ms) - the timing is important here as yahoo & goolge is almost there to announce a deal and MS shows up with an alternative to keep google away from the deal (this is no brainier). This gives Yahoo an awesome position (at least for short term) with huge multiple benefits,such as #1 it can get best of the best deal possible either from google or MS (doesn't really matter who as far as good money shows up in yahoo's bank account), #2 these negotiations will put a speed breaker on Carl Ichan's bid for getting a new board (remember shareholder meeting is not far away, again it is all about timing) #3 if any deal is announced (whether with google or MS) before shareholder's meeting then yahoo's stock price will go up for sure and the chances are Carl Ichan will soften his position, #4 the deal (with google or ms) will make everyone happy with win win situation for all 3 important yahoo stake-holders (employees, end-users and shareholders) and #5 the biggest of all is if yahoo and google get in to a deal then stock prices will go up and yahoo will be then able to justify why they didn't budge to sell the company to MS - also now if at all MS wants to buy yahoo (even after a year) then they have to bow down to the price that yahoo wants, also remember this deal (between yahoo and google) will also make all 3 stake-holders happy. So by this analysis i think Yang is proving to be in a very strong position and he is smart enough to get the best out of these 2 bidders to make all 3 important stake-holders happy ....