Share 'Yahoo! Japan Worth More Than Yahoo!'

Shareholders are looking back at Microsoft's original $44.6 billion offer and crying. I thought they were crazy to turn down this deal and the subsequent offer in June. Today Yahoo! is worth $14.33 billion, $31 billion down from its value when Microsoft made its initial offer. As I predicted, their market capitalization is now less than Yahoo! Japan which sits at $16.9 billion. What the hell were…