Photo: piccadillywilson on Flickr. Some rights reserved.
So Yahoo and Microsoft have been thrashing out the $44.6bn takeover today, according to reports. It seems very likely that after a silence of the past few days, we'll finally get a decision later today.
In the meantime, here's a swift update:
• There a meeting of the board of directors today; the only two viable options are to try and increase the bid offer or to say no and do a deal to outsource search ads to Google. (TechCrunch)
• Microsoft boss Steve Ballmer met Capital Research and management - Yahoo's biggest investor - yesterday to discuss the takeover. (New York Post)
• Jerry Yang is under enormous pressure to make the ultimate decision about his firm. (New York Times)
• If they did merge, Yacrosoft would be hot on email but weak on search. (mocoNews)
• The Yahoo brand will live, says Ballmer. I was opting for Yacrosoft all round. I'm gutted. (CNet)
• And though that deal seemed amazing at the time - 62% above Yahoo's market value last Thursday - the firm's share price has now exceeded the bid offer. (FT)
If you're super keen, this is the page you need to refresh: Microsoft's investor relations page.
