Microsoft and Yahoo Dismiss Report of Search Deal

From PC World: Microsoft and Yahoo have dismissed a report that they're once again in discussions to sell Yahoo's online search business for $20 billion.

The Sunday Times wrote Microsoft had agreed to the "broad terms of a deal" but there was no guarantee that it would be completed.

"We continue to offer no comment on such rumors and speculation," according to a statement supplied by one of Microsoft's public relations agencies, Waggener Edstrom, in London on Monday.

A Yahoo spokeswoman also said the company had no comment on the report.

The Sunday Times wrote that Microsoft would bring in Jonathan Miller, the former CEO of AOL, and Ross Levinsohn, a former president of Fox Interactive Media, to manage a new team.

View: Article @ Source Site