Report: Yahoo investor urges Microsoft search deal

Ivory Investment Management will reportedly release a letter Wednesday urging Yahoo to push for a renewed deal.

A major Yahoo shareholder is reportedly pushing for the company to renew discussion with Microsoft for a deal over its search business, CNBC reported Wednesday.

Ivory Investment Management, a hedge fund based in Los Angeles that owns 1.5 percent of Yahoo, is expected to release a letter Wednesday outlining its plan, which could result in as much as $15 billion from Microsoft, CNBC said.

Officials from Ivory could not immediately be reached for comment.

The Microsoft-Yahoo saga has been a long one. Last month, Microsoft CEO Steve Ballmer finally said that the company was " done with all acquisition discussions with Yahoo ," though rumors of a search deal continued.

Earlier this year, Yahoo and Google announced a search deal , but that was later called off . The whole debacle was widely considered to have cost Yahoo CEO Jerry Yang his job .

 

ARTICLE DISCUSSION

Conversation powered by Livefyre

Don't Miss
Hot Products
Trending on CNET

Hot on CNET

CNET's giving away a 3D printer

Enter for a chance to win* the Makerbot Replicator 3D Printer and all the supplies you need to get started.