According to Peter Nowak of the CBC, a hostile bid for Yahoo by Microsoft could change the future of the web.

The article says that the such a bid is likely and would have a good chance of happening too.

They also mention that Microsoft's "closedness" and the mentality of controling everything would cause a major shift, followed by a lot of Yahoo's talent leaving due to the differing cultures.

I wrote before on this, and other implications of a deal by Microsoft to acquire Yahoo.