So Microsoft walks away from Yahoo.
My take: there’s a reason you rarely see large-scale hostile takeovers in the tech world. The real assets don’t just walk out the door every day, but you need most of their hearts and all of their minds to compete.
Rather like big law firm mergers?
Three other notable perspectives:
— Former O’Melveny & Myers and Wilson Sonsini lawyer (and current Time 100 man) Michael Arrington speculates that Steve Ballmer may be angling for a better deal. (I doubt it).
— Steven Davidoff agrees with Arrington that Microsoft may be back later (and his commenter #2 agrees with me that hostile is hard in Silicon Valley).
— Kara Swisher gives a look through the prism of a classic TV show, and shows why the potentially combined company never really had a chance.