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Microsoft and Yahoo are trying to work on a search deal, according to the London Times. They report that the $20 Billion deal for Yahoo’s search business has been agreed upon in broad terms but details are still being worked out and there’s no guarantee that it will be finalized.

There is a management vacuum at Yahoo after Jerry Yang, the group’s co-founder, said this month that he will step down as chief executive as soon as the board finds a successor. He opposed the earlier Microsoft deal and an advertising alliance with Google that he championed broke down because of competition fears.

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