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Microsoft and Yahoo have reportedly headed back the negotiation table to reconsider a merger. <a href="http://www.nypost.com/seven/05042007/business/bills_hard_drive_business_peter_lauria_and_zachery_kouwe.htm">The New York Post</a> and <a href="http://online.wsj.com/article/SB117827827757492168.html?mod=googlenews_wsj">The Wall Street Journal</a> are both reporting that the two giants are reconsidering a deal that could see Microsoft laying down a cool $50 billion for Yahoo.

The merger talks come in wake of Google's increased market dominance that has threatened both Microsoft and Yahoo, including the recent DoubleClick acquisition. 

Currently the news wires are buzzing and no doubt if it were to happen it would be the biggest financial news since Google went public. For the business angle, be sure to check out the [coverage on our always excellent Epicenter blog][1].

I wonder what this would mean for Yahoo's extensive, and rather cool, collection of web services? Should I be rethinking my [endorsement of Flickr][2]? Hopefully not.

[1]: http://blog.wired.com/business/2007/05/microsoft_looki.html "Microsoft Looking To Acquire Yahoo In $50 Billion Deal"
[2]: http://blog.wired.com/monkeybites/2007/05/yahoo_shutters_.html "Yahoo Shutters Photos In Favor Of Flickr"