Google offer of help to Yahoo

Feb. 4 - Yahoo would consider an alliance with Google as one way to rebuff a $44.6 billion takeover proposal by Microsoft - according to a source.

Yahoo management is considering revisiting talks it held with Google several months ago on an alliance as an alternative to Microsoft's bid, that source said. At $31 a share, Yahoo believes the bid undervalues the company, two sources said.

A second source close to Yahoo said it had received a procession of preliminary contacts by media, technology, telephone and financial companies. But the source said they were unaware whether any alternative bid was in the offing.

Reuters TV European Technology Correspondent Matt Cowan reports.