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Report: Microsoft seeks help for another Yahoo bid



By MICHAEL LIEDTKE, AP
02 July 2008 @ 11:36 pm ET


Microsoft Yahoo Report
In this May 5, 2008 file photo, Yahoo worker leaves Yahoo headquarters in Sunnyvale, Calif.. Shares of Yahoo Inc. and Microsoft Corp. rose Wednesday, July 2, 2008, as The Wall Street Journal reported Microsoft has talked to other media companies about teaming up to buy Yahoo's search business. (AP Photo/Paul Sakuma, file)
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MSFT 28.52 0.05
NWS 14.15 0.04
TWX 31.13 1.03
GOOG 551.1 2.45
YHOO 15.94 0.04

With its shareholders fuming, Yahoo has unsuccessfully tried to persuade Microsoft to revive its bid for the entire company at $33 a share.

The impasse has deepened the animosity between the two companies, with Yahoo denigrating its suitor as "unresponsive and inconsistent" and Microsoft accusing Yahoo of engaging in "revisionist history."

By floating the idea of a Yahoo breakup, Microsoft may be trying to provide Icahn with ammunition for his attempt to overthrow Yahoo's nine-member board. Icahn didn't return a call Wednesday, but he has publicly stated he is opposed to doing a Microsoft deal unless it involves selling Yahoo as a whole.

___

AP Technology Writer Jessica Mintz in Seattle contributed to this report.

Copyright 2009 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

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