Just when Microsoft shareholders were breathing a sigh of relief over dodging the Yahoo merger/search acquisition bullet, today there are rumors that Microsoft and Yahoo are talking again about some sort of deal. Techcrunch says it is a full buyout discussion while CNET and Silicon Alley Insider say it is some sort of search agreement.
The trigger for Yahoo may have been their continuing disarray including the departure of a number of executives plus the continuing government scrutiny of the ad deal with Google announced two weeks ago. The trigger for Microsoft is likely getting at least some of what the executives wanted on the cheap. Still, whatever piece of Yahoo is in play is only a bargain if Microsoft can put it to good use and that is the "big bet" that remains a longshot.