I would seriously hate to be Jerry Yang right about now. As the drama continues to unfold, I am pretty sure that the Icahn and Balmer dream team are going to get this deal done in the very near future.In terms of quality results, both are so far behind the curve it isn’t even funny. Their only leverage in the market is being able to have their meat hooks in the out-of-the box PC market (which is slowly slipping away as well).
Let’s just say that even if the deal closes, they are so far behind in the game as a pair that by the time they get to Google’s search quality level of today, I think that they will still be eating Google’s dust no matter what.
Two train wrecks merged make one big one…Cleaning up a mess like that is not going to be an easy task.
If you are going to invest:
Short Term - Buy Yahoo and sell it once the merger has been completed and the dust has settled.
Long Term - Buy Google