was among the first to write with this news: "Yahoo is reporting the end of the mediation talks with Microsoft. Richard Posner has declared the discussions to be at an impasse, and the disagreements to be "too deep-seated to be bridged." The story can be found here."
This is not an April Fools joke. Watch this space; we will update this story as more details become available. The outcome may be more dramatic than the strong hints of settlement had suggested. Updated 3:15GMT by timothy:
Here's a more detailed article from The New York Times
helpfully sent in by reader GenetixSW