SEATTLE (Reuters) – Microsoft Corp said on Sunday it has proposed an alternative deal to Yahoo Inc, rather than a full acquisition, in a move that could save the web pioneer from fighting a proxy battle with financier Carl Icahn.
“Microsoft is considering and has raised with Yahoo an alternative that would involve a transaction with
Yahoo but not an acquisition of all of Yahoo,” the company said in a statement without clarifying what that alternative might be.
Microsoft emphasized it was not proposing to make a new bid to buy all of Yahoo, after recently being rebuffed, but could reconsider. >>>Video