Steve Ballmer just sent out an email to all Microsoft employees notifying us of the withdrawal of the takeover offer for Yahoo. I guess it finally dawned on him that they don't like us and they were going to do everything in their power to stop this process. I am happy to have a chief executive who is capable of pulling back from the brink.
Update: Apparently Yang & Co. were in Redmond today to try to close the deal. That and other interesting tidbits are found here.
Mini-msft (as always) provides the most honest insider view of the situation. Jives with everything I've heard.