WSJ: Microsoft, Yahoo Trying To Work Up a Deal

The Wall Street Journal is reporting that Microsoft and Yahoo are talking on Friday in an attempt to come up with “a last-ditch friendly deal,” before Microsoft decides whether or not to go forward with a hostile bid for the company. Citing sources familiar with the situation, the Journal says that Microsoft, Yahoo and their respective advisors have held informal talks throughout the week, but have been unable to agree on the basics of a takeover deal, particularly how much Microsoft should pay to acquire Yahoo.