Well, it appears that $45 billion offer is not enough to buy Yahoo!, although Yahoo! has suffered eight consecutive quarters of profit decline. There is a lot of speculation over this company and the possibility of being swallowed by Microsoft in his attempt to regain some of the market that Google, it's online advertisement rival, has being gaining over the last years. It appears that Jerry Yang, co-founder of Yahoo!, and the Yahoo! board will do whatever is possible to remain independent, even if that means to merge with a partner.
We will see what happens in the next months :P