Microsoft + Yahoo = No Deal

Software giant Microsoft has expressed it's interest to take over Yahoo.However,this is the second time,MSFT has expressed it's interest in YHOO.

As per the BusinessWeek reports:

According to newspaper reports May 4, Microsoft has asked Yahoo to enter formal negotiations for an acquisition that could be worth $50 billion. Yahoo's market capitalization was about $38 billion at the close of trading May 3.
Reports of the deal sent Yahoo shares jumping 17% in premarket trading, while Microsoft slipped 1.5%.

As TechCrunch reports, if this deal goes through, the takeover would be one of the largest corporate takeovers in American corporate history, and likely the largest ever in the Tech sector.

But as I am about to complete this post,Wall Street Journal has reported "The deal is no longer active but the two companies are finding other ways of cooperating"

Read the Business Week coverage about the MSFT-YHOO takeover here.
Additional information covered by TechCrunch here

Read the latest on the merger by Wall Street Journal here