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It would have been cheaper to let Yahoo continue to shoot itself in the foot and pick up those pieces (Flickr, et al) at "Going out of Business" prices as opposed to trying to ingest a company for an exhorbitant amount.
Way too much overlap, Microsoft going into debt over it and it still doesn't really solve any core issues or give them a competitive edge.
Hopefully Bill will pull Steve aside before his last day and remind him Microsoft is a software company, not an ad company, not a search company, but a software company.
I'm hoping the whole Yahoo thing crashes and burns as soon as possible so Microsoft can get back to the business at hand - being a better software company.
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