Yahoo jumps as Microsoft deal talks resurface

Silicon Valley blog TechCrunch says Microsoft renewed takeover effort Tuesday.

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Last Updated: June 24, 2008: 3:05 PM EDT

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SAN FRANCISCO (AP) -- Yahoo's depressed stock has jumped by more than 3% 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 (MSFT, Fortune 500) and Yahoo (YHOO, Fortune 500) didn't immediately respond to requests for comment.

First Published: June 24, 2008: 2:56 PM EDT