Yahoo stock perks up on reports of Microsoft talks

  • Associated Press
  • Tuesday, June 24, 2008 11:42am
  • Business

SAN FRANCISCO — Yahoo’s depressed stock has jumped by more than 3 percent 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 on Tuesday reported 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.

Microsoft and Yahoo didn’t immediately respond to requests for comment.

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