Henry Blodget has been en fuego with his coverage of the Microsoft / Yahoo deal. Today he adds this little nugget:
Because of the overlap of Yahoo and Microsoft shareholders, many of Yahoo's largest shareholders also own even larger stakes in Microsoft. It is in the economic interest of these shareholders to have Microsoft keep its bid exactly where it is. Their interpretation of what is "best for Yahoo shareholders," therefore, may be different than that of shareholders who don't also own huge stakes in Microsoft.
You aren't reading that kind of stuff anywhere else.