BUSINESS

Microsoft And Yahoo Said To Be In Talks On Ad Deal

05/11/2009 05:12 am ET | Updated May 25, 2011

Yahoo and Microsoft, which held a marathon series of fruitless merger and partnership negotiations last year, have restarted discussions, this time over a possible advertising agreement, a person briefed on those discussions said Friday.

Conversations between the two sides cooled after Carol Bartz was named Yahoo's new chief executive in January. But they have started anew recently, and Ms. Bartz met with Steven A. Ballmer, Microsoft's chief executive, last week, said the person briefed on the discussions, who agreed to speak on the condition of anonymity because the talks were confidential.

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