Microsoft is preparing a new bid for Yahoo's search business and has approached other media companies about joining it in a deal that would effectively lead to Yahoo's breakup, the Wall Street Journal said. By mid-day CNBC report refuted the report of a new approach. Citing unnamed sources, CNBC said Microsoft has held "no new talks" and there are "no negotiations," sending Yahoo's shares up 7 percent. The gain was pared a bit in midday trade. Quoting people familiar with the discussions, the Journal said talks with Time Warner Inc and News Corp, among others, were preliminary and unlikely to result in a deal with Yahoo. The Journal said that two weeks ago, Microsoft Chief Executive Steve Ballmer called Yahoo Chairman Roy Bostock to suggest they meet to discuss a new idea involving other partners. Microsoft subsequently...
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