As much sense as it would make for Microsoft and Yahoo to come back to the table now that Jerry Yang is out of the way, yesterday’s rush of news may have been a bit premature – if not simply a case of rumor mongering. A report in today’s Times of London, published online last night, goes into great detail with regards to negotiations that are currently taking place for Yahoo’s search business. The article states Microsoft has put $20 billion on the table and covers intimate details of the pending deal with great detail. The problem, allegedly, is that Times of London article may have been the first time anyone at either of the two companies involved have heard anything about such an arrangement. The Wall Street Journal’s BoomTown blog has reportedly spoken to top sources at both Yahoo and Microsoft, and all apparently claim that the alleged deal is a complete fabrication. Sure, we might see a deal come down the line some time in the future but BoomTown makes a very good point – we’re most certainly not going to see Carl Icahn go down for insider trading over a paltry 6.7 million shares in the process.