Big difference is Yahoo has increasing market share and minimal debts which makes it perfect
for a hostile approach. That's why Mulally and Fields plan involved the "injured bird" play, mortgaging everything to keep hositle take overs at bay,
Who would want a company that losing market percentage and leveraged to the hilt?
Trick is the company is in better shape than the markets estimate, they only look at North America
and by the time recovery hits, it's too late to for hostile takeover to work - too much green mail.