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Editor: Matt Paines

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Investor fury at Yahoo! deal collapse

The collapse of negotiations between Yahoo! and Microsoft has been met with fireworks, as investors were angered by the online giant's rejection of Microsoft's eleventh hour takeover bid of $47.5 billion.
 
And now Yahoo! chief, Jerry Yang, faces a tough few weeks ahead of the company's annual shareholder meeting, amid rumours of a challenge to his leadership.
 
Yang desperately needs to get a concrete plan for the company's future within the next few weeks or else, according to one industry source, Wall Street will flay him alive.
 
Yahoo! shares plummeted as news broke through that the deal was off, with suggestions that a clash of personalities had been the biggest barrier to an agreement.
 
Company shares have since rallied slightly on hopes of a return to the negotiating table.
 
However, president of Microsoft International, Jean-Philippe Courtois, suggested that this could be unlikely, when he described the collapse of talks as the end of the story.

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