Microsoft vs. Yahoo - Round 2

As everyone now knows, the talks of a Microsoft-Yahoo merger have recommenced after this weekend.  So now what?  Well, first of all, Microsoft will put in a lower bid because all the lawyer and analyst fee’s have soured the deal a bit.  Not to mention, it appears that Yahoo will be losing their Bebo advertisement contract which will further diminish the company and its value.  AOL is finalizing the Bebo buyout for $850 million and once this is done they’re most likely not going to allow Yahoo in their advertising network because they will reserve it for themselves.(the whole point of the buyout)  It is now even more likely that Microsoft won’t even consider a buyout all together.  They may just work out some sort of advertising deal for the various Microsoft networks such as Windows Live.  I’m sure all the caretakers in the industry between both companies want a resolution already.  Jerry Yang seems to be taking the brunt of the heat on this deal, all fingers from Microsoft, analysts, shareholders, and exec’s seem to be pointing in his general direction.  Can he redeem himself?  Probably not, the initial bids from Microsoft are gone and will never come back.