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Looks like Ballmer’s not through with Yahoo yet. Microsoft has proposed an alternative deal that does not involve a full acquisition, which may prevent Yahoo from having to fight a proxy battle with billionaire Carl Icahn. Last week, Icahn started campaigning to replace Yahoo’s board since MS walked away from the bargaining table.



Microsoft said it was not proposing to make a new bid to buy all of Yahoo "but reserves the right to reconsider that alternative" depending on discussions with Yahoo, shareholders of Yahoo or Microsoft, or other third parties.
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