News : Business : Yahoo Jumps on Talk of Microsoft Deal

Yahoo Jumps on Talk of Microsoft Deal

Friday, 4-May-2007 09:20AM EDT
Story from AP. Copyright 2007 by The Associated Press (via ClariNet)

NEW YORK (AP) -- Yahoo shares have risen 20 percent after reports pointed to discussions about a possible combination. The Wall Street Journal tells of what appear to be early-stage discussions. It says executives at Microsoft and Yahoo are taking a fresh look at a possible merger of the two companies or some other kind of potential tie-up.

The discussions were first reported in today's New York Post.

The New York Post says Microsoft has asked Yahoo to take part in formal negotiations for a possible deal.

Microsoft is facing tough competition from Yahoo and Google in the Internet search business.

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