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Microsoft seeks allies for new Yahoo move

Microsoft Corp is preparing a new bid for Yahoo Inc's search business and has approached other media companies about joining it in a deal that would effectively lead to Yahoo's breakup.

Microsoft has already held talks with Time Warner Inc and News Corp, among others, the Wall Street Journal quoted people familiar with the discussions as saying.

The talks are preliminary and unlikely to result in a deal with Yahoo, the paper said.

Microsoft was not immediately available for comment. (Reuters)