Internet services company Yahoo could be sold before a new chief is appointed to take the place of Carol Bartz, who was fired earlier this week, according to sources.
Software giant Microsoft had made a bid to buy Yahoo in 2008 for $45 billion and may revise its bid.
The Telegraph newspaper quoted a source as saying that some of the rationale, in terms of expertise in display advertising and search - still stood, so if Microsoft could get it for half the price, it would want to do so.
The paper said, former chief executive of AOL Jon Miller, who now heads digital media at News Corporation, was tipped as a frontrunner, and could also double as a buyer.
Miller earlier was in talks with private equity firms to raise the money for the acquisition of Yahoo.
Technology blog 'Techcrunch' said Miller also held 'early and unofficial' talks with the Yahoo board in June.