San Francisco: Talks between Yahoo and Microsoft appear to have resumed but there was widespread confusion Tuesday about whether the companies are trying to resurrect a buyout deal, or are focused on a more limited pact that could see Microsoft buy Yahoo's search business for an estimated $1 billion.
Quoting multiple sources from both companies, the influential tech blog TechCrunch said the companies had resurrected the full buyout talks but that Microsoft was offering less than the $33 per share that Yahoo rejected when talks broke down in early May.
Since then the company's board has come in for sharp criticism for rejecting a deal and is now facing a shareholder revolt led by activist investor Carl Icahn, who is hoping to resurrect the Microsoft talks.
However, other media sources disputed the TechCrunch account, quoting a source as saying that Microsoft remains open to a deal involving Yahoo's search operations and that connections between the two companies could lead to agreements.
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