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[kidstockster101]

I will prob grab Yhoo calls on this news @ open

Microsoft seeks allies for new Yahoo move
Microsoft Corp (MSFT.O) is preparing a new bid for Yahoo Inc's (YHOO.O) search business and has approached other media companies about joining it in a deal that would effectively lead to Yahoo's breakup, the Wall Street Journal said.
Yahoo rejected a $47.5 billion takeover offer by Microsoft, and earlier this week questioned whether the software maker was ever serious about a full-scale merger. However, Yahoo remains open to discussing any proposal from Microsoft, the paper said.

In the meantime, Yahoo investor Carl Icahn is running a slate of directors to replace Yahoo's board and has called for the removal of Chief Executive Jerry Yang ahead of the company's annual shareholder meeting to be held in Silicon Valley on August 1.
http://news.yahoo.com/s/nm/20080702/bs_nm/yahoo_microsoft_dc_1