News Microsoft mulls fresh Yahoo deal

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05-22-2008, 07:44 PM

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Tefra

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Microsoft mulls fresh Yahoo deal

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Microsoft has said it is considering a deal with Yahoo which would not involve a full buyout of the company. Microsoft's previous offer to buy Yahoo for $33 a share - a figure which valued the company at $47.5bn (£24.36bn) - was turned down.

Last week Yahoo rebuffed billionaire investor Carl Icahn's plan to oust the current board over the failed merger. Now Microsoft says it is discussing with Yahoo an alternative transaction, but did not provide any detail.

Yahoo has also been looking into an alliance with internet giant Google, and the firms recently tested an advertising partnership for two weeks.

Here we go again...

Source: bbc.co.uk

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