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The Wall Street Journal believes that Yahoo! will decline the $44.6 Billion Offer made by Microsoft to acquire it tomorrow. Should this happen tomorrow, it might set some wildfires tomorrow, as this would probably be considered as a bold move by Yahoo.

Yahoo has said that it will not consider any offer made by Microsoft under 40$ a share. Over a series of meetings, the Yahoo board believes that this offer seriously undermines the true value of Yahoo. If at all Yahoo pushes for atleast 40$ a share, this would mean another 30% premium for Microsoft, taking the potential bid to about 60$ billion.

The timing of Microsoft’s Offer made one thing very clear and that was that it is trying to buy Yahoo for cheap. Looks like the Yahoo Board have decided to put up a bold face, and have decided to raise the bid price beyond the 40$ mark. Also the original Microsoft offer on February 1st has itself lost value, as the bid was half cash and half stock, and Microsoft’s Stock price has fallen nearly 13% in this period.

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Amidst all the media frenzy on the Yahoo acquisition, and the protesting Flickr Users opposing the Micr0s0ft takeover, we have yet another rumor from Dan Faber at ZDNet who believes that Flickr would be debuting its video service in the coming months. This isn’t all that surprising, its been there forever in the rumor mills but its timing has something interesting, considering the impending hostile bid from Microsoft.

As I’ve already mentioned before this deal isn’t a good idea for the Web2.0 culture, that Yahoo has given us for the past few years in the form of Del.icio.us and Flickr. Now with this deal looming overhead, Yahoo would do better to launch Flickr Video. Stuart Butterfield (Flickr co-founder) had told TechCrunch last May that Flickr Video would be coming “soon”. This was reaffirmed by Bloomberg in August. But its already February now and we haven’t seen it yet.

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