[startupfounder]

17 years is a really long time at any company. Jerry has done an amazing job building Yahoo! from a startup to dominate player in the tech industry and has created 13,600 jobs.

Yahoo! already up 3.24% in after hours trading... so the market liked the decision.

Its a choice between shareholder value and wanting to hold onto the core culture of the company. An interesting discussion on the Microsoft offer: http://www.quora.com/Yahoo/Why-did-Jerry-Yang-pass-on-the-Mi...

[joshu]

standard disclaimer: afterhours trading is very thin liquidity, so a small amount of trading can move the stock price significantly without meaning much. tomorrow's opening price is the first real indicator of what "the market" thinks.