Yahoo Inc. shares rose more than 5 percent Wednesday as The Wall Street Journal reported Microsoft Corp. has talked to other media companies about teaming up to buy Yahoo's search business.
The paper reported Microsoft has spoken to News Corp., Time Warner Inc. and others about a way to complete the proposed deal, which the software maker has been exploring since withdrawing a $47.5 billion bid to buy Yahoo in its entirety in May.
Microsoft had previously proposed buying Yahoo's search operations for $1 billion and investing an additional $8 billion for a 16 percent stake in Yahoo's remaining business.
Sunnyvale, Calif.-based Yahoo rejected that …
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