There are all kinds of rumors around that Microsoft and Yahoo will still work out a deal:

Here’s the latest Yahoo rumor that we’re chasing: The Yahoo board of directors met earlier today and authorized chairman Roy Bostock, not CEO Jerry Yang, to call Ballmer about re-starting negotiations. In fact, this rumor may have been behind the small rally in Yahoo’s stock today, which closed up 5.5 percent to $25.72 (still down from where it closed on Friday at $28.67). If this is true, it makes you wonder who is really in charge at Yahoo.

However, Bill Gates, in classic spurned lover fashion, came out today with this to say:

Microsoft Chairman Bill Gates said Wednesday the company isn’t pursuing other deals following the withdrawal of its $47.5 billion takeover bid for Yahoo.

He said in Tokyo that the company put “a lot of effort” in the talks with Yahoo and has decided the two should pursue “independent paths.”

And it sounds like Bill is close to going Axel Rose on Yahoo!’s ass:

[youtube http://www.youtube.com/watch?v=8DjQRCyKJNE&hl=en]

Sources:
Is Yang Still In Control At Yahoo?
Erick Schonfeld
TechCrunch

Bill Gates says Microsoft going ‘independent’ way
Yuri Kageyama
AP