Microsoft pitches new sort of deal to Yahoo

The Microhoo saga continued Sunday when Microsoft said it was looking into “an alternative” transaction with Yahoo rather than an outright acquisition of the portal and search player.

Microsoft pulled back its offer to buy Yahoo in early May, citing Yahoo’s resistance and working relationship with Google. Since then, financier Carl Icahn has been buying Yahoo shares and proposed a new slate of Yahoo directors in an attempt to get the company back to the bargaining table.