It appears that after Yahoo! rebuffed Microsoft’s $40+ Billion hostile takeover bid, Microsoft might be taking another route to acquire the company.

Apparently Microsoft is considering a proxy fight to gain control of Yahoo! Apparently they really don’t want to take “no” for an answer.

Both Microsoft and Yahoo! seem to have a way to go before they can really compete with Google in terms of search, where Google, according to Hitwise, holds approximately 66% of the U.S. search market share. Putting Yahoo! and Microsoft’s share together still doesn’t even equal half of Google’s. Talk about dominance on Google’s end.

It will be interesting to see how this whole situation plays out and what kind of competition can be put up against the mighty Google.