Following up on weekend reports about Microsoft and Yahoo! returning to merger talks, reports are now saying that the talks focus on Microsoft buying Yahoo!’s search business. Sources reportedly claim that Yahoo! would then sell off its Asian assets, including Chinese Internet company Alibaba Group and Yahoo! Japan. Reuters reported that Microsoft would then buy the remaining chunk of Yahoo!.

Neither Microsoft nor Yahoo! have commented on the latest reports.

Reports say the new deal does not yet have a price tag. And since nothing is yet final, Yahoo! is reportedly still in discussions with Google about sharing search-advertising revenue.