By Dane Hamilton 1 hour, 36 minutes ago NEW YORK (Reuters) - Microsoft Corp (MSFT.O) said on Monday it would be willing to reopen talks to buy all or part of Yahoo Inc (YHOO.O), but only if a new Yahoo board is elected -- a big boost for financier Carl Icahn's board slate.Microsoft, which broke off months-long talks in early May to buy the Internet company for $47.5 billion, said it would resume talks immediately if a new board were elected at Yahoo's August 1 stockholder meeting. Yahoo shares leapt 12 percent.
The Microsoft statement came after Icahn, a billionaire who owns more than 4 percent of Yahoo, issued an open letter saying he had "spoken frequently" to Microsoft CEO Steve Ballmer over the last week. Previously, the two had not spoken.
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