12/30/2008 05:12 am ET | Updated May 25, 2011

Report: Microsoft In $20 Billion Yahoo Deal

SOFTWARE giant Microsoft is in talks to acquire Yahoo's online search business for $20 billion (£13 billion).

The proposal forms the centrepiece of a complex transaction that would see Microsoft support a new management team to take control of Yahoo. But there is no intention of Microsoft tabling another takeover bid for the web giant, after its aborted $47.5 billion offer this summer.

Read more on Times Of London