Yahoo is dead. This will only make google's monopoly bigger. Yahoo should have teamed up with Microsoft, and they would have a chance. But instead they waste time on introducing a poison pill (see https://hackernews.hn/item?id=214893) which damages the company when a change of control happens (not only when Microsoft would buy yahoo, but also if the board changes!!!), thus forcing the stockholders not to vote for a new board of directors!

Yahoo is not dead. Yahoo Sports gets more hits than ESPN. They have plenty of money making services to offer besides search and are still one of the most visited sites in the world. The days of 80 P/E ratios are over, but that doesn't mean they are dead. Yahoo will be fine.