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Yahoo to stay focused on alternatives: source

SAN FRANCISCO
Sat May 3, 2008 11:25pm EDT
The Times Square Yahoo sign is seen in New York April 7, 2008. REUTERS/Joshua Lott

SAN FRANCISCO (Reuters) - Yahoo Inc will stay focused on evaluating strategic alternatives after Microsoft Corp walked away from a $44.6 billion takeover offer, a person familiar with the matter said on Saturday.

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Yahoo is not looking for offers, the source said, but added that the board is open to considering options that maximize shareholder value.

Yahoo has discussed tie-ups with both Time Warner Inc's AOL division and Google Inc, different sources earlier told Reuters. A partnership with Google, in which Yahoo search results would carry advertising from Google, may be announced as early a next week, another source told Reuters.

(Reporting by Anupreeta Das)
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