Could Microsoft return to the Yahoo deal table?

July 7, 2008 — 4:07pm ET | By Jim Kim

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We've been saying all along that we haven't seen the last of Microsoft when it comes to a Yahoo deal. Microsoft has announced that it will not only support Carl Icahn's bid to install a new Yahoo board, but it will consider coming back to the takeover table. Will the hint of a renewed bid from the software giant be enough to sway shareholders at the Aug. 1 annual meeting? Hard to say. Keep an eye on proxy services and how they fall on the issue. The stock soared on the news. This, of course, is no guarantee of a deal. But at a minimum it is some savvy, hardball maneuvering by the Redmond giant. It may yet get the deal it wants. That would be something.

For more:
- here's the AP article