- BT offers staff time off in exchange for pay cut
- The old is new again at Saturday Evening Post
- Web retailers, states tussle over tax rules
- Companies pledge more openness about Web tracking
- Is Twitter the news outlet for the 21st century?
- Sony toils as Walkman hits 30th anniversary
- Joost exits consumer online video business
- 240,000 in-wall electronic timers recalled
|
CNBC'S MOST SHARED
- 'We're in the Middle of a Crash': Black Swan
- The Rising Mountain of Debt May Be the Next Crisis
- Latvian Banker Taking Souls as Collateral
- SEC May Reinstate Rules for Short-Selling Stocks
- Your First Move For Monday July 6th
- Malaysia PM Speaks to CNBC
- Cuddle Parties Heat Up
- NY City Apartment Sales Down More Than 50%
- Alaska Governor Sarah Palin Will Resign
- The Worst Expected 2010 State Budget Gaps
- The Rising Mountain of Debt May Be the Next Crisis
- North Korea Fires 7 Missiles Off East Coast
- Palin's Resignation May Hurt Her Future
- For Banks, Wads of Cash and Loads of Trouble
- SEC May Reinstate Rules for Short-Selling Stocks
- For Australian Winemakers, More Turns Out to Be Less
- Vatican Runs Deficit Amid Economic Crisis
- Earnings Season: A Likely Game-Changer
- Slideshow: Best-Selling Fourth of July Fireworks
Text Size 
Shares of Yahoo jumped on a report that Microsoft
Technology blog TechCrunch reported Tuesday that talks were back on, citing multiple unnamed sources at both companies.
Shares of Yahoo [YHOO
Loading...
()
] were up more than 4 percent on the Nasdaq before giving back about half of those gains. Microsoft shares [MSFT
Loading...
()
] edged down by less than 0.5 percent.
"The information we have is thin, but what one source is saying [is] that Microsoft is talking a price lower than the $33 they were offering when the talks disintegrated in May," the report said.
But a source close to Microsoft told CNBC that there are no new negotiations between the software giant and the Internet portal. See the accompanying CNBC video for more.
"There is no deal for the whole company, and nothing has changed as of today," the source said.
Yahoo has already rejected a $47.5 billion takeover offer from Microsoft, or $33 per share. It also turned down an alternative deal to sell the software maker its search business.
The Sunnyvale, California company is fighting a proxy battle against activist shareholder Carl Icahn, who has sought to replace Yahoo Chief Executive Jerry Yang and the board.
The company's next shareholders meeting is scheduled for Aug. 1.
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes