As Yahoo shares fell to a new five-year low this week, a shareholder has
proposed a new arrangement which could resurrect the Microsoft-Yahoo deal,
according to reports.
Mithras Capital Partners, which owns less than one per cent of Yahoo,
suggested selling the firm for $22 a share, a 74 per cent premium on its current
stock valuation.
Under the terms of the proposed deal, Microsoft would unload Yahoo's Asian
assets and non-search businesses, and end up paying $10.3bn for Yahoo's search
business.
According to Reuters reports, Mithras partner Mark Nelson was due to send a
letter outlining the proposal on Thursday night.
Microsoft
walked
away from a proposed acquisition of the web portal giant in May, after Yahoo
priced itself out of the market and sought a
search
advertising tie-up with Google. That deal has since been delayed due to
regulatory problems.
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