Yahoo's depressed stock jumped 2. 8 percent today on reports that the Internet pioneer is once again exploring a possible deal with Microsoft...
SAN FRANCISCO — Yahoo’s depressed stock jumped 2.8 percent today on reports that the Internet pioneer is once again exploring a possible deal with Microsoft after ending talks earlier this month.
The Silicon Valley blog TechCrunch reported that Microsoft had renewed its efforts to take over Yahoo.
But a person close to Yahoo told The Associated Press that Microsoft still isn’t interested in buying Yahoo in its entirety. The person wasn’t authorized to speak on behalf of Yahoo.
Other Web sites citing unnamed people reported the two rivals had renewed discussions about a deal that would involve Microsoft buying Yahoo’s online search engine.
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Microsoft and Yahoo didn’t immediately respond to requests for comment.
Yahoo announced June 12 that its talks with Microsoft had ended without a conclusion. At that time, Microsoft issued a statement indicating that its offer of an alternative transaction — including the purchase of just Yahoo’s search business for $1 billion in cash, formation of an ad partnership and an $8 billion investment in Yahoo’s stock at $35 a share — “remains available for discussion.”
Yahoo stock closed up 59 cents at $22.04 today.