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Microsoft-Yahoo Deal?

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http://dedicatedhostingweb.org – I know Yahoo declined the recent Microsoft deal but what if Microsoft would sweeten the deal and yahoo excepts it, would the Yahoo brand die? I mean look Yahoo has a line-up of dedicated services like mail, messenger and now even Flickr with a host of users and with a merger how would they keep the loyal fanbase? Also if such a deal wouldn’t work out then where do you think Yahoo would turn next and why? (HowTos)