Yahoo (YHOO +1.6%), everyone's favorite M&A rumor mill, trades higher after the FT reports...

|By:, SA News Editor

Yahoo (YHOO +1.6%), everyone's favorite M&A rumor mill, trades higher after the FT reports the company "has edged closer towards a potential sale of all or part of the company" to PE firms. It's added that a Yahoo proposal to sell a mere minority stake and leave management in control "has raised only lukewarm interest," not to mention agitated Dan Loeb.