Microsoft would reopen Yahoo talks with new board:
Yahoo's stock price jumped nearly 12 percent after Microsoft said Monday it is willing to reopen talks on a "major transaction" with Yahoo if the Internet giant replaces its board of directors.
The world's biggest software firm confirmed comments from corporate raider Carl Icahn about talks that could lead to a new takeover bid if Yahoo replaces its directors next month.
Icahn made his remarks in an open letter to Yahoo shareholders nearly a month after the California company said negotiations on a tie-up with Microsoft were apparently dead.