Microsoft and Yahoo are in genuine talks to agree on a merger, the New York Times says. The report claims to know people involved in the negotiations who say that Microsoft has agreed to raise its $31 per share bid by "several" dollars, in effect overcoming resistance by Yahoo to a deal which the latter has previously said undervalues its business...

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	www.macnn.com/articles/08/05/02/ms.yahoo.merger.underway/