Microsoft's new offer to Yahoo includes breaking up the company and buying its search-advertising business, notions that have left Yahoo execs cold, the Wall Street Journal reports. Under the plan, Yahoo would sell its Asian assets and let Microsoft buy a minority stake in what's left of the company.
Some Yahoo sources are calling the new offer an attempt to pressure Yahoo out of its search-ad deal with Google; those talks are apparently ongoing. Microsoft hasn't named a price for the Yahoo's search-advertising business, but one analyst estimates it's worth about $21 billion. The Asian assets would go for at least $10 billion.