Quadrille - 3:37 pm on Oct 26, 2011 (gmt 0)
Yahoo's relationships in China would be of interest to Google.
I doubt Google would be able to use that to any advantage. They're still Google, they'll never be forgiven to standing up to the Chinese government (not much resistance, granted. But more than anyone else). Yahoo!'s subservience to them would be a problem to Google, not a boon.
I believe there's still some possibility of them rising from the ashes.
Can you name one Internet company that has fallen so far and risen again? OK, one or two have 'survived', usually with new owners, but I can't recall one who was once dominant (or close to), fell, and rose again to anything close to its previous glory.
Except Apple :) But they never lost their kewlness; Yahoo! has.