I've been watching for a few days now the buzz created by Microsoft announcing an offer of no less than $44,6 billion for Yahoo. I think that this way Microsoft officially admits Googles supremacy over the online market.
Googles
answer,
Yahoo and the future of Internet is a very interesting one, making a parallel between the PC market (where Microsoft has monopoly) and the Internet one where Google is leader with 40% (+ Doubleclick soon).
Google sees things very simple: now the Internet is open, encouraging innovation and after the Microsoft+Yahoo deal it would become not so open because of Microsoft who would try to impose itself in a similar manner to the OS market.
Another side of the story would be the human resources one, as pointed by
Eduard Koller, a Microsoft employee. Because of the fusion of the two giants an extra 25% personal (Microsoft currently has about 60 000 employees) who grew in Yahoo corporate culture, very different from the Microsoft one, would join the software giant. There will be lots of restructuring and the entire process will take many years.