The Microsoft Yahoo story apparently gets a new twist according to the Times Online.
The Times reports that Jonathan Miller, ex-chairman and chief executive of AOL, and Ross Levinsohn, a former president of Fox Interactive Media would become the new Yahoo management team after Jerry Yang stepped down.
Microsoft would provide $5 billion to the management duo and they would raise another $5 billion to take control of 30% of Yahoo Microsoft would obtain a 10 year operating agreement to manage the Yahoo search business as part of the deal and a call option to buy the Yahoo search business for $20 billion.
Sounds all very complicated, but the The Sunday Times tells that story. More details on the Times Online.