More analysis -- see the full post for a useful snapshot
It’s not necessarily over. Despite the very public breakup, Microsoft could still come back and make an offer for Yahoo. An investor with a fund that specializes in merger arbitrage bets said in an interview Friday that he and many other investors he spoke to still believe that a deal is possible. The investor, who requested anonymity because of a company policy not to discuss matters with the media, said that if Yahoo shares remain in the low $20s, Microsoft could conceivably come back and buy Yahoo for less than the $33 a share it offered in May, and perhaps less than the $31 a share it offered in January.