Yahoo! - Microsoft: Finally Over

Yesterday I walked to our little front yard where my wife was gardening:  "Latest News:  The deal is off".  She looked at me for a few seconds, wondering which deal I was talking about, and then a big grin appeared on her face. "So what about Microsoft going hostile?  They said they'd do it."  And I explained to her that they could not agree on the price - Microsft at $33 and Yahoo! at $37 - and Yahoo!'s stand is that if Microsoft goes hostile Yahoo! will do a bigger deal with Google.  That's something Microsoft is very concerened about, and therefore Steve Balmer in his letter has asserted that they won't go hostile.

So, finally.  I guess market and financials aside, a lot of people were emotionally involved in this drama, not wanting Yahoo! to be taken over by Redmond.

A good summary of everything can be found on TechCrunch.