They sure do - but apart from the city brokers and merger lawyers etc. who will all win big out of this, this is so clearly a short term strategy and will only put a 'bit' of cash in the bank.
Short to Mid term Y! surely loses a core part of it's current business and therefore value - the YSM PPC and all affiliate partners (of which there must be 10k plus)
As G becomes more powerful (as of course it would) G can simply reduce rev share to Y year on year and keep more for itself. After all they have prevented M$ getting hold and by the time they have done with it... $31 per share will be a pipe dream.
So Y! loses it's YSM arm, loses time for developing a decent search product that could hope to challenge G (or anyone else for that matter!) so that by the time they feel they have to get out the G contract cos they are being shafted they are well and F*****d as a business anyway.
G is a business - not a charity. It would screw Y just as soon as it woudl 'do no evil!'
Bye bye Y!Search
Just my 2c's
[edited by: TinkyWinky at 3:47 pm (utc) on Feb. 8, 2008]