In the wake of Microsoft's abandoning its bid to acquire Yahoo, it appears that Yahoo is in discussions with Google to deepen its recent collaboration in advertising with that company. CNN reported:

Google Inc.'s top executives on Thursday expressed hope that the Internet search leader will be able to form a potentially lucrative advertising partnership with Yahoo Inc. - a deal that would lower the odds of Microsoft Corp. renewing its attempts to buy Yahoo.

"We have been talking to Yahoo and we are very excited to be working with them," Google co-founder Sergey Brin told reporters before the company's annual shareholders meeting. "We share a lot of values with them."