YHOO Deal with MSFT: Only Winners are I-bankers

How will the M&A advisory fees be divided? And will MSFT and its shareholders end up paying for all the advisory fees (financial and legal) of the target should the deal go through? On another note, can YHOO convince Steve and this team of bankers to up their bid to at least $50B? Now that GOOG has basically told Jerry & Co. that the new Silicon Valley companies should gang up and take on Microsoft head-on, does MSFT need to go super-duper hostile in order to get the deal done? My money is on Yahoo selling to MSFT. Having said that, I suspect Steve & Jerry (soon-to-be-Co-CEO of the combined entity) will begin selling off pieces of Yahoo by the end of 2009.