MicroHoo Talks Resumed -- Again?

Microsoft (MSFT) and Yahoo (YHOO) are at it again. TechCrunch is reporting that the companies have resumed merger talks. CNET says what's being discussed is a full-on acquisition. Meanwhile, Yahoo's share price is going --- up, up, up. Mr. Icahn, please don't say, I told you so.

Only a full-blown acquisition makes sense. Given last week's high-profile departures and rumored reorganization being pushed by president Sue Decker, Microsoft would be getting a leaner, more nimble organization that would be easier to merge with.  Assuming the reports are true, it's likely that Decker would have a big role to play post-merger, but what about Jerry Yang? He'll have escaped Mr. Icahn's wrath, but can't see Mr. Ballmer asking him to stick around.