The Yahoo-Microsoft fiasco has sprouted back up with a small group of Yahoo investors who have brought the topic to light again. Reuters has reported that Mithras Capital, who own approximately 0.14% of Yahoo with more than 1.9 million shares, have a proposal for Microsoft in which they would buy out Yahoo’s search business at a price that is $2 billion cheaper in comparison to the price offered in July.

This particular proposal can materialise only if the majority of Yahoo investors approve it and Microsoft also gives forth their acceptance to it. If this is to happen at all, it would mean that Yahoo’s stocks will be sold at $22/share which will result in a 74% premium on their current stock price that has been dropping in the past few days.

The proposal also talks of Microsoft unloading the Asian assets of Yahoo along with their non-search businesses. This will extract cost savings worth $3 billion and tax benefits worth $2.8 billion. So Microsoft will be paying only for Yahoo’s search business, $10.3 billion.

The only probable reason the Board and the investors may approve of the deal is the falling prices and if they do… even though Microsoft had earlier issued a statement saying they are no longer interested in acquiring the search business of Yahoo, they may just go for it as well considering the price at which they are getting it.