Good news for Yahoo shareholders, since their stock won't be going back down to the pre-Microsoft-offer level. Yahoo Inc extended its deadline to nominate board directors, gaining time to seek alternatives. Jerry Yang, in return for being allowed to insert this delay, probably had to give some sort of assurance to the board that this would be the last attempt. This also means that there likely won't be a proxy fight. Meaning that either Yahoo gets an alternative investor, or it voluntarily agrees to be bought by Microsoft.