Microsoft's attempt to buy Yahoo! - a lucky escape?

Yahoo! thinks that Microsoft's $40bn offer undervalues the company, but it's hard to see how Yahoo! has any better options. In fact the $40bn Microsoft is offering Yahoo! would probably go a lot further if it were invested elsewhere.

http://www.nypost.com/seven/02242008/business/microsoft_holders__yahoo__40b_a_joke_99003.htm

Indeed, if Microsoft succeeds in obtaining Yahoo! for such a high figure, it might become known as the next AOL-Time Warner deal.