Yahoo Takeover Rumor Mill Back in High Gear

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    NEWSLETTERS

    KNTV
    Microsoft is interested in buying Sunnyvale company Yahoo.

    Sunnyvale-based Yahoo is once again a take-over target.  That's according to a story posted late Wednesday on the Wall Street Journal.

    The journal says AOL and several firms specializing in corporate buyouts are working on a joint bid to buy Yahoo.  It cites unnamed sources familiar with the deals. The sources said the talks are preliminary and haven't even gotten to the point of face to face talks with Yahoo yet.

    The rumor caused Yahoo shares to jump in after hours trading.

    No one from Yahoo or AOL was talking Wednesday.

    This is the second time in two years Yahoo has found itself in this position.  The company rejected a $47 billion takeover bid from Microsoft back in May 2008.