Yahoo shares rose Monday after reports that software maker Microsoft is discussing possible search and advertising partnerships with the Internet portal.

Yahoo closed up 95 cents, or 7.1 percent to $14.42.

Yahoo shares rose to 7.6 percent to 14.49, a gains it hasn't since October last year, while Microsoft's shares rose a bit 0.6 percent to 19.78.

Yahoo shares are down about 50% for the past 12 months, while Microsoft is down 31%.

The hit in share price follows reports on holy week about Microsoft intentions on Yahoo's search engine.

Recently, Microsoft tried to buy Yahoo in early 2008 for $44.6-billion offer but Yahoo turn its back, Microsoft then tried to buy just Yahoo's search-advertising business but Yahoo still rejected the deal.