Microsoft has proposed a complex new deal with Yahoo that would involve collaboration between their online advertising businesses.

The new deal would not involve a full takeover Microsoft said on Sunday. Microsoft released a brief statement disclosing the renewed talks, a surprising reversal just weeks after Microsoft withdrew its $47.5 billion takeover last bid for Yahoo and said it had “moved on.” In the new  statement/negotiations, Microsoft said it was

“considering & has raised with Yahoo an alternative that would involve a transaction with Yahoo but not an acquisition of all of Yahoo.”

Microsoft provided no more details.

(NY Times )