I don't know what's worse. The prospect of watching Redmond slowly replace every good Yahoo product with a mediocre Microsoft one, or the sight of Yang hiking up his skirt and saying, "Whoo-hoo, sailor, over here" to Steve Ballmer.

Yahoo's stock, which spiked to around US$30 after Microsoft's original offer, is now trading in the low-to-mid teens. So this is not what you would normally call "bargaining from a position of strength." It's more like ...

a) Sauntering into the tiger cage wearing a lamb-chop necktie

b) Jumping into a shark tank with a splash of Eau de Chum behind each ear

c) Stuffing your pockets with Oreos and going on Oprah